DOGE (Dogecoin) fell 2.47% in the last 24 hours.

Gate News Bot news, on October 29, according to CoinMarketCap data, as of the time of this report, DOGE (Dogecoin) is currently priced at $0.19, having fallen by 2.47% in the last 24 hours, with a highest point reaching $0.21 and a lowest point dropping to $0.19. The current market capitalization is approximately $29.45 billion, a decrease of about $747 million compared to yesterday. Currently, DOGE ranks 8th in the global crypto assets market capitalization.

Dogecoin is an open-source peer-to-peer digital currency that is favored by Shiba Inu enthusiasts worldwide. As a type of Crypto Asset, Dogecoin leverages blockchain technology to store information through a highly secure decentralized public ledger system maintained by a computer network known as nodes. The core philosophy of Dogecoin is encapsulated in the “Dogecoin Manifesto,” which boasts a vibrant community made up of friendly people like you and me.

Important news about DOGE recently:

1️⃣ Large whale accounts reactivated A large cryptocurrency holder who had been inactive for 11 months has recently resumed activity, withdrawing 15,115,000 DOGE (worth approximately $2.95 million) from a centralized exchange. The wallet address currently holds 15,190,000 DOGE, with a total value of approximately $12.96 million. This action may affect market supply and raise investors' attention towards the behavior of large holders, potentially influencing short-term price trends.

2️⃣ Gate Contract Points Airdrop Event Ongoing Gate launched the first phase of the contract points airdrop event on October 17, selecting 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, providing support for the DOGE price, and is one of the potential factors behind the recent price fluctuations.

3️⃣ Institutional investors' holdings are clearly increasing CleanCore Solutions has incorporated over 710 million DOGE into its financial reserves, with a total value of approximately 174 million USD, nearing its target of 1 billion DOGE holdings. The company has currently realized over 20 million USD in unrealized gains. The continuous accumulation by institutions reflects long-term confidence in DOGE and may also influence market supply, providing potential support for DOGE prices.

From a technical perspective, the price of DOGE has fallen within the last 24 hours, possibly influenced by short-term profit-taking and fluctuations in market sentiment. However, on the fundamental side, the activity of large holders and the continuous accumulation by institutions have brought market attention to DOGE, which may provide price support in the medium to long term. Investors need to closely monitor the overall trends of the global Crypto Assets market and the unique ecosystem development of DOGE.

This message is not an investment advice; investors should be aware of market volatility risks.