Dogecoin Breaks $0.24 Amid Whale Accumulation, MVRV Flashes Bullish Signal
Dogecoin (CRYPTO: DOGE) climbed above $0.24 following a sharp recovery from lows near $0.215. The rise is fueled by growing open interest in DOGE futures and an aggressive whale accumulation comprising a 393.6 million DOGE transfer (worth roughly $89 million) between unidentified wallets.
The transfer—flagged by Binance (CRYPTO: BNB)—kicked off a wave of volatility, triggering a V-shaped rebound from the $0.212–$0.217 support zone. The zone held firm despite recent selling pressure, supported by an uptick in spot volume and speculative inflows.
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According to The Tradable, open interest in Dogecoin futures jumped 63.9% over the past week to approximately $1.62 billion, pointing to heightened risk-taking as total derivatives volume remains tepid. The surge coincides with a broader altcoin rotation as traders reallocate profits from …
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