Crypto
Dogecoin Price Surges 11% Amid Whale Accumulation and Institutional Inflows
Dogecoin (DOGE) has seen its price surge by 11.07% after large-holder accumulation and renewed institutional inflows fueled buying interest.
The asset saw over 240 million DOGE in purchases from whales, along with $284,510 in net inflows to US-listed spot DOGE ETFs last week.
Despite the volatility, Dogecoin's price remains above its key moving averages, signaling dominant bullish momentum across all major timeframes.
Bitwise Asset Management has announced plans to close its Dogecoin ETF by October 14, citing business strategy changes and weak sustained institutional demand.