DOGE Drops 7% After Trump-Linked Surge: Whale Moves and Exchange Inflows Drive Volatility

Dogecoin (DOGE) experienced a 7.07% price decrease over the last 24 hours, with the current DOGEUSDT price at 0.19032 on Binance, opening at 0.20481. This decline follows a period of heightened volatility driven by increased community engagement, notable whale activity, and significant speculation after reports that former President Donald Trump supports government dividend checks in Dogecoin. The resulting surge in retail interest pushed DOGE above the $0.20 level, but the subsequent rise in tokens held on exchanges and a large portion of supply moving into profit likely contributed to selling pressure and the recent price pullback.

Currently, Dogecoin holds a market capitalization of approximately $28.50 billion and a 24-hour trading volume of $2.75 billion, ranking #8 in the market. Despite the recent downturn, DOGE remains up over 64% year-on-year, with the circulating supply at 150.10 billion coins and no maximum supply.