Dogecoin (DOGE) Surges in Million-Dollar Transactions: What's Going On?**

In the last 24 hours, Dogecoin recorded 588 transactions over $1 million, according to analyst Ali (@ali_charts). This increase indicates significant movements by "whales" - large DOGE holders - who could be accumulating, selling or reorganizing funds. A clear example is the transfer of 400 million DOGE ($137.8 million) from an unknown wallet to Binance, according to Whale Alert.

In addition, the price of DOGE rose 11% in just one hour after it was revealed that the website of the Department of Government Efficiency, linked to Elon Musk, included its logo. This reinvigorated enthusiasm in the community.

Technical analysis: DOGE is above its daily SMA of 50 ($0.367). If it breaks above $0.434, it could advance towards $0.48 or even $0.59. However, if it fails to hold, it could fall back to $0.31 or $0.27.

What do you think? Is this a strategic move by whales or just another bout of hype driven by Elon Musk? #DOGE $DOGE