Dogecoin surges 10%...“Expansion of whale accumulation and risk asset preference”

Dogecoin (DOGE) has surged nearly 10% in a single day, showing strong momentum. Analysts attribute this price rise to whale accumulation activity and technical rebound signals occurring simultaneously.

On the 11th, cryptocurrency-specialized media Coindoo reported, “Dogecoin whales have made additional purchases totaling 1.14 billion DOGE (about ₩311 billion) in the past 24 hours,” and added, “Medium wallets holding 1 million to 10 million DOGE have net bought about 80 million DOGE since last May, which suggests an improvement in investment sentiment.”

The overall upward market trend is also adding strength to Dogecoin’s bullishness. As Bitcoin surpassed the $118,000 level and Donald Trump put continued pressure on the U.S. central bank, the Fed, for interest rate cuts, some have noted the expansion of risk asset preference.

The media stated, “Dogecoin may attempt to test additional resistance levels in a situation where whale accumulation and technical rebounds overlap,” but also added, “Caution is needed as volatility could increase due to the sharp short-term surge.”