DOGE Slides 3.69% Amid Market Correction, But Network Activity and Accumulation Surge

Dogecoin (DOGE) is currently trading at $0.21904, reflecting a 3.69% decline over the past 24 hours, with a 24-hour trading volume of approximately $1.23–1.4 billion and a market capitalization of $32.76 billion, ranking it as the 8th largest cryptocurrency by market cap. The recent price decrease is primarily attributed to a broader market correction observed over the weekend, where major altcoins, including DOGE, experienced declines following a period of profit-taking; despite this, network activity and large holder accumulation have increased, and positive sentiment persists due to new trading features and promotional activity, particularly on Binance. No confirmed DOGE-specific external events, such as the rumored "stimulus check," have materialized, and the recent volatility appears to be driven by overall crypto market dynamics rather than DOGE-specific news.