Dogecoin rallies over 6% after whale accumulation of 1B DOGE. Institutional interest and ETF speculation fuel bullish ...

Dogecoin, which is currently trading at $0.2483, has lost 6.93% in the period of 24 hours. Its market cap is $37.18 billion, with a 24-hour trading volume of $3.69 billion, a huge drop of 31.79%.

The positive sentiment is an excellent sign for Dogecoin (DOGE 4.75%), which at roughly $0.20, sits well below the price at which coin changed hands to begin 2025.

Each year, 5 billion new Dogecoins are added to the cryptocurrency's circulation. In contrast, Bitcoin has a hard cap of 21 million coins that can be mined, and it's already nearing 20 million.