DOGE Surges 6.76% as Whale Activity and Dogecoin Treasury Drive Renewed Institutional Interest

Dogecoin (DOGEUSDT) experienced a 6.76% price increase over the past 24 hours, rising from a 24h open of 0.15871 to a current price of 0.16944 on Binance. This upward movement is primarily attributed to a surge in on-chain whale activity, with $23.35 billion in large transactions and a 34.9% increase in daily active addresses, signaling heightened institutional and investor engagement. Despite a 25% decline in retail trading volumes, the establishment of Dogecoin Treasury Inc. to manage protocol development and DOGE assets, as well as ongoing discussions about a potential Dogecoin ETF, have contributed to renewed market optimism. Dogecoin's market capitalization remains strong at approximately $24.42–$25.48 billion, with a 24-hour trading volume between $37.11 million and $47.84 million and a circulating supply of about 149.9 billion DOGE.