DOGE Holds Strong Near $0.16 Amid Market Volatility, Whale Activity, and Surging Network Engagement

Dogecoin (DOGEUSDT) is currently trading at 0.16835 on Binance, reflecting a 24-hour price decline of 3.08% from an opening price of 0.17370. The price drop over the past day is attributed to broader market movements, including a decline in Bitcoin following jobs data and overall market volatility, as well as increased whale transactions and heightened network activity linked to recent news such as Elon Musk's 'America Party' announcement. Despite the pullback, Dogecoin remains a top-10 cryptocurrency by market capitalization, with a 24-hour trading volume between $1.22 billion and $1.27 billion and a circulating supply of approximately 150 billion DOGE. The asset continues to hold support near the 16-cent level, with 65.96% of addresses held for over 12 months, and recent campaigns and product launches are contributing to sustained market engagement.