DOGE Surges 7.23% as $750M Institutional Inflows and U.S. Legislation Spark Bullish Momentum

Dogecoin (DOGEUSDT) experienced a 7.23% price increase over the last 24 hours, rising from 0.21918 to 0.23502 on Binance. This upward movement is primarily attributed to several key factors: significant institutional investment, notably Bit Origin Ltd's $500 million Dogecoin reserve initiative and Thumzup Media's $250 million crypto treasury allocation, as well as positive legislative developments in the U.S. that have improved market sentiment. Additionally, a 67% surge in open interest in DOGE futures and notable whale accumulation have contributed to heightened trading activity and bullish momentum.

Currently, Dogecoin trades at 0.23502 with strong trading volume and a market capitalization estimated between $33.63 billion and $37.68 billion, maintaining its position among the top cryptocurrencies and reflecting continued investor interest and positive technical outlook.