(24-hour Dogecoin price trend)

(24-hour Dogecoin price trend)

Dogecoin Surges as Trump Returns to Social Media and Whales Accumulate

Dogecoin Surges as Trump Returns to Social Media and Whales Accumulate

On January 16, 2025, 9:00 PM EST, Dogecoin (DOGE) was trading at $0.38444788822393 with a 24-hour trading volume of $4,310,863,289.4925. DOGE has experienced a surge in value, rising 9.38440108% in the last 24 hours. The circulating supply of DOGE is 147,646,886,383.71, while the total supply remains undisclosed. The market capitalization of DOGE currently stands at $56,762,533,673.055.

On January 16, 2025, 9:00 PM EST, Dogecoin (DOGE) was trading at $0.38444788822393 with a 24-hour trading volume of $4,310,863,289.4925. DOGE has experienced a surge in value, rising 9.38440108% in the last 24 hours. The circulating supply of DOGE is 147,646,886,383.71, while the total supply remains undisclosed. The market capitalization of DOGE currently stands at $56,762,533,673.055.

Surge in DOGE Price Attributed to Trump's Return and Whale Accumulation

Surge in DOGE Price Attributed to Trump's Return and Whale Accumulation

Analysts attribute the recent increase in DOGE's price to two primary factors: former US President Donald Trump's return to social media and the accumulation of DOGE by large investors, known as whales.

Analysts attribute the recent increase in DOGE's price to two primary factors: former US President Donald Trump's return to social media and the accumulation of DOGE by large investors, known as whales.

Trump's Return to Social Media

Trump's Return to Social Media

Donald Trump's recent reinstatement on the social media platform Truth Social has sparked renewed interest in DOGE. Trump has been a vocal supporter of DOGE in the past, often tweeting about the cryptocurrency. His return to social media has created a buzz around DOGE, contributing to its recent price increase.

Donald Trump's recent reinstatement on the social media platform Truth Social has sparked renewed interest in DOGE. Trump has been a vocal supporter of DOGE in the past, often tweeting about the cryptocurrency. His return to social media has created a buzz around DOGE, contributing to its recent price increase.

Whale Accumulation

Whale Accumulation

Chain-on data indicates that whales have been steadily increasing their DOGE holdings over the past week. This suggests that large investors believe DOGE is undervalued and are positioning themselves for a potential price rally.

Chain-on data indicates that whales have been steadily increasing their DOGE holdings over the past week. This suggests that large investors believe DOGE is undervalued and are positioning themselves for a potential price rally.

Analysts Eye DOGE as an Undervalued Opportunity

Analysts Eye DOGE as an Undervalued Opportunity

Analysts believe that the recent dip in DOGE's price represents a buying opportunity for investors looking to trade against the prevailing market trend. They point to the coin's strong technical indicators and the growing support from the cryptocurrency community as factors that could drive its value higher in the future.

Analysts believe that the recent dip in DOGE's price represents a buying opportunity for investors looking to trade against the prevailing market trend. They point to the coin's strong technical indicators and the growing support from the cryptocurrency community as factors that could drive its value higher in the future.