Dogecoin Whale Movement Sparks Price Surge Amid ETF Inflows
A significant whale movement in Dogecoin has caught the attention of traders and analysts. The whales shifted more than $1.4 billion in DOGE over a 24-hour period, which some see as a sign that 'something big is coming.' This news comes on top of returning spot ETF inflows, which have helped push the price up by 3.2% in the past 24 hours.
The Dogecoin price today stands at $0.1038, with its market capitalization at approximately $16.194 billion. The token's circulating supply is over 156 billion coins, and there is no hard supply cap. The whales' large wallet activity has historically had a strong impact on the price of DOGE.
The technical analysis shows that Dogecoin is currently sitting inside an ascending channel that has held since the price broke out of its prior sideways range around September 21. The RSI reads 63.83 against a 62.40 moving average, showing steady upward momentum without extreme overbought pressure.