DOGE Surges 2.67% as $500M Purchase Plans and ETF Talks Drive Bullish Momentum

Dogecoin (DOGEUSDT) has experienced a 2.67% price increase over the past 24 hours, with the current price at $0.24563 according to Binance data. This upward movement is attributed to several factors, including a notable rise in open interest by 12.36% to $4.04 billion, increased whale accumulation, and higher institutional flows. Positive sentiment has been further fueled by reports of Bit Origin Ltd. planning a $500 million DOGE purchase and ongoing discussions about a potential Dogecoin ETF in the U.S., both of which have contributed to heightened trading activity and bullish momentum. The 24-hour trading volume remains substantial, reflecting strong market participation, while Dogecoin’s market capitalization is approximately $36 billion, maintaining its position among the top cryptocurrencies.