DOGE Surges 2.54% Amid $1.5B Trading Volume and Elon Musk Buzz Despite Market Volatility

Dogecoin (DOGE) is currently trading at $0.17794, with a 24-hour price increase of 2.54% based on Binance data. The recent price movement can be attributed to a combination of factors, including a large on-chain transfer of 6.92 billion DOGE on June 13, 2025, increased trading activity, and renewed attention from influential figures such as Elon Musk, which has contributed to positive sentiment. However, the broader crypto market has faced downward pressure following the latest CPI data, leading to a brief sell-off and increased volatility across major assets, including DOGE. Despite a 5–6% drop noted on some platforms in the last 24 hours, Binance data indicates a net gain, reflecting strong trading volume (between $1.39 billion and $1.51 billion) and a market capitalization of approximately $15.59 billion. DOGE remains among the top ten cryptocurrencies by market cap, exhibiting active trading and notable volatility as market participants respond to both macroeconomic developments and sector-specific news.