Dogecoin (DOGE) has experienced a significant surge in May 2025, with its price climbing over 24% in a single day, reaching approximately $0.2347. This rally is largely attributed to substantial accumulation by large holders, commonly referred to as "whales," and a broader bullish sentiment in the cryptocurrency market. The renewed interest in Dogecoin is also fueled by its vibrant community and the general uptick in memecoin popularity, with memecoins collectively rising by 25% this month. Analysts suggest that if this momentum continues, Dogecoin could potentially approach the $1 milestone, marking a significant achievement for the meme-inspired cryptocurrency.
