DOGE Sees 7.48% Drop Amid Market Volatility as Whales Accumulate 750 Million Tokens

Dogecoin (DOGE) is currently trading at $0.18961 on Binance, reflecting a 7.48% decline over the past 24 hours, with robust trading volume and a circulating supply of 149.48 billion DOGE, maintaining its position as the 8th largest cryptocurrency by market capitalization. The recent price drop is primarily attributed to a broader cryptocurrency market downturn, heightened volatility following a "midnight crash," and profit-taking by traders ahead of key U.S. economic data releases; despite this, on-chain data shows significant whale accumulation, with over 750 million DOGE acquired in the past week, indicating continued interest from large holders even as the available supply decreases.