DOGE Surges 2.54% as Large Holders Accumulate $24M, Trading Volume Hits Five-Month High

Dogecoin (DOGE) experienced a 2.54% price increase over the last 24 hours, with its price rising from a 24-hour open of $0.14864 to a current level of $0.15242 on Binance. This positive movement is primarily attributed to significant accumulation by large holders, who purchased approximately $24 million in DOGE, marking the highest accumulation by this group in recent months. The rebound follows a volatile weekend during which DOGE dropped to a low of $0.143 but quickly recovered, supported by a surge in trading volume to over five times the daily average and strong buyer interest at key support levels. Broader market factors, including macroeconomic uncertainty and recent large-scale liquidations across the crypto sector, also contributed to increased volatility and subsequent recovery. Currently, DOGE trades near $0.15242 with a 24-hour trading volume between $1.7 billion and $2.02 billion, maintaining a market capitalization in the $22.78 billion to $22.97 billion range, and continues to show resilience with strong support around $0.151.