DOGE Faces 2.62% Drop as Whale Transfers Over 312 Million Tokens Amid Market Uncertainty

Dogecoin (DOGE) is currently trading at $0.19055 with a 24-hour trading volume of approximately $767 million, ranking #8 by market capitalization at around $28.27 billion; the price has declined by 2.62% over the last 24 hours, with a 24-hour range between $0.19 and $0.20. The recent price decrease is attributed to a combination of large whale transfers—including over 312 million DOGE sent to Coinbase—and general market selling pressure, despite earlier bullish momentum driven by institutional accumulation and increased user activity; technical resistance at the $0.20 level and broader market uncertainty have also contributed to the observed short-term decline.