DOGE Bulls Dominate as Institutional Inflows Boost Momentum

Dogecoin (DOGE) saw a notable increase of around 9.5% as institutional investors and large whale holders fueled renewed buying demand.

The advance is supported by DOGE trading above its 20-day, 50-day, and 200-day moving averages, indicating persistent bullish momentum in the cryptocurrency's price dynamics.

Around 240 million DOGE were accumulated by large holders during recent volatility, while US-listed spot Dogecoin ETFs attracted net inflows of $284,510 last week. Bitwise Asset Management will close its Dogecoin ETF on October 14 as part of a strategic shift.