DOGE Dips 2.94% as Large Holders Accumulate 140 Million Tokens Amid Bullish Breakout

Dogecoin (DOGEUSDT) experienced a 2.94% price decrease over the past 24 hours, currently trading at 0.16691 USDT on Binance. This decline follows a period of increased accumulation by large holders, who acquired 140 million DOGE in the past week, and heightened activity in the memecoin sector. Despite the lack of major protocol updates or new partnerships, technical analysts have noted a bullish breakout above a key trendline, fueling positive sentiment and recent price rebounds. However, short-term volatility persists, with the price fluctuating between 0.16 and 0.18 USDT and a 24-hour trading volume of approximately $1.075 billion. Dogecoin maintains a market capitalization near $25 billion and a circulating supply of about 150 billion DOGE, ranking it #9 by market cap. The recent price movement appears driven by technical trading signals and accumulation by large holders, amid generally bullish sentiment but ongoing market volatility.