DOGE Surges 2.39% on Binance as $1 Billion Volume Signals Major Accumulation and Investor Focus

Dogecoin (DOGEUSDT) experienced notable volatility in the past 24 hours, with its price rising 2.39% on Binance from 0.09088 to 0.09305, despite broader market pressure and a recent short-term price dip highlighted in multiple sources. The price change is largely attributed to increased market participation and accumulation activity, as evidenced by substantial transfers (over 200 million DOGE to Robinhood) and growing liquidity near the $0.11 level. Analysts observed heightened trading volumes, reaching over $1 billion, indicating active interest from traders amid mixed sentiment across social platforms. While bearish sentiment and "extreme fear" were noted due to the overall cryptocurrency downturn, some traders anticipate a rebound if key support holds. Dogecoin remains ranked in the top 10 with a market capitalization around $15.44 billion and a circulating supply of approximately 168.7 billion DOGE, with recent price action reflecting increased accumulation and ongoing investor attention.