DOGE (Dogecoin) rose 7.09% in the last 24 hours.

Gate News Bot news, on October 27, according to CoinMarketCap data, as of the time of writing, DOGE (Dogecoin) is currently priced at 0.21 USD, with a rise of 7.09% in the last 24 hours, reaching a high of 0.21 USD and a low of 0.19 USD. The current market capitalization is approximately 31.683 billion USD, an increase of 2.099 billion USD compared to yesterday.

Dogecoin is an open-source peer-to-peer digital currency that is favored by Shiba Inu enthusiasts around the world. As a cryptocurrency, Dogecoin utilizes blockchain technology to store information through a highly secure decentralized public ledger system maintained by a network of computers known as nodes. The Dogecoin community is known for its friendliness and helpfulness, with its core philosophy summarized as “Do Only Good Everyday.”

Important news about DOGE recently:

1️⃣ Large whale accounts are reactivating A large cryptocurrency holder who has been inactive for 11 months has resumed activity, withdrawing 15.115 million DOGE (worth about 2.95 million USD) from a centralized exchange. The wallet address currently holds 15.19 million DOGE, with a total value of about 12.96 million USD. This move may affect market supply and raise investor attention to the behavior of large holders.

2️⃣ Gate Contract Points Airdrop Event Ongoing Impact The first phase of the contract points airdrop activity launched by Gate on October 17 selects DOGE as the airdrop token. Users holding ≥12 Gate contract points can consume 10 points to receive 152 DOGE. This initiative continues to stimulate market demand and provides support for the DOGE price, making it one of the potential factors for the recent price rise.

3️⃣ The trend of institutional investors increasing their holdings remains unchanged CleanCore Solutions has incorporated over 710 million DOGE into its financial reserves, with a total value of approximately $174 million, approaching its goal of holding 1 billion DOGE. The company has currently realized over $20 million in unrealized gains. The continued accumulation by institutions reflects long-term confidence in DOGE and may impact market supply, providing potential support for the DOGE price.

From a technical perspective, the DOGE price has seen a significant pump within 24 hours, possibly driven by the aforementioned factors. On the fundamental side, the activities of large holders and continuous accumulation by institutions have brought market attention to DOGE, but short-term price fluctuations may still be considerable. Investors should closely monitor the overall trends of the global cryptocurrency market and the unique ecosystem development of DOGE.

This message does not constitute investment advice; investors should be aware of market volatility risks.