DOGE Surges 4.43% as Institutional Interest and On-Chain Activity Drive Bullish Breakout

Dogecoin (DOGE) experienced a 4.43% price increase over the past 24 hours, rising from a 24h open of $0.19173 to a current price of $0.20022 on Binance. This upward movement is primarily attributed to a combination of strong bullish sentiment in the broader crypto market, significant institutional attention following Ripple CEO Brad Garlinghouse's public endorsement of Dogecoin's longevity, and notable on-chain activity, including a large transfer of 155 million DOGE to Robinhood on June 9, 2025. Technical analysis indicates renewed momentum, with DOGE breaking key resistance levels and benefiting from increased trading volumes, particularly during midday UTC, as evidenced by intraday spikes. Dogecoin currently holds a market capitalization around $30.29 billion and 24-hour trading volume of approximately $1.57 billion, with over 7.97 million holders, making it the third largest by holder count after Bitcoin and Ethereum. The asset remains in a bullish phase, supported by both technical patterns and strong market participation.