DOGE Surges 12% as Whales Accumulate, Buenos Aires Adopts DOGE for Taxes, Futures Launch Boosts Momentum

Dogecoin (DOGEUSDT) has seen a significant price increase of 12.46% over the past 24 hours, currently trading at $0.14372 according to Binance. This surge in price and trading volume, which exceeded $1.1 billion in the last day, is attributed to renewed accumulation by large holders ("whales"), increased institutional interest fueled by the launch of regulated DOGE futures on Coinbase, and adoption developments such as Buenos Aires accepting Dogecoin for tax payments in collaboration with Binance. Technical analysis indicates bullish momentum, with DOGE breaking key resistance levels and forming a bullish divergence, while on-chain data shows a rise in active addresses and market activity. The market remains highly volatile, with the current price fluctuating within a $0.12 to $0.14 range and market capitalization estimated between $18.5 billion and $22 billion.