Dogecoin Maintains Top 10 Position with $1.38B Trading Volume and Recent Whale Accumulation

Dogecoin is currently trading at $0.21962 on Binance, down 3.24% over the past 24 hours, with a 24-hour trading volume of approximately $1.38 billion and a market capitalization near $32.9 billion, maintaining its position as the 8th largest cryptocurrency by market cap. The recent price decline is primarily attributed to short-term market volatility and profit-taking following a period of consolidation and prior bullish momentum, despite ongoing positive developments such as increased whale accumulation, a high percentage of long futures positions (72.13% on Binance), and news of Hyper Bit Technologies’ acquisition of Dogecoin Mining Technologies. While technical indicators currently show bearish signals, underlying investor interest remains strong, supported by active trading, community engagement, and continued institutional investment in Dogecoin mining infrastructure.