Dogecoin Ignites — 60% Volume Boom Teases Potential Rally
The post Dogecoin Ignites — 60% Volume Boom Teases Potential Rally appeared on BitcoinEthereumNews.com.
Dogecoin saw a sharp jump in trading activity on Tuesday, but prices did not follow immediately. Volume over the last 24 hours rose by 60%, pushing total traded value above $2 billion, according to CoinMarketCap. Yet the token traded near $0.21 at the time of the report, down about 0.18% in the day and down 12% so far this month. Trading Volume Surges According to CoinMarketCap data, the sudden spike in volume shows many more hands moving DOGE than usual. Reports have disclosed that this wave of trades coincides with renewed interest among retail buyers and larger holders. Data shows that October has historically been a strong month for Dogecoin, with modest gains of 30% to a more impressive 101% from 2021 up to 2024. Those past returns help explain why some traders expect a positive close this month. Whales Move, Exchanges See Flow Reports have disclosed several large transfers tied to the surge. One report described a dormant whale with a 36 DOGE seed reactivating and making a transfer valued at $26.8 million to Binance. Another dormant wallet reportedly moved 15.115 million DOGE, valued at about $2.95 million, out of the same exchange. These movements drew attention because big transfers can change where liquidity sits and how quickly prices move when buying or selling picks up. Another dormant wallet reportedly moved 15 million DOGE, valued at about nearly $3 million, out of Binance. These movements drew attention because big transfers can change where liquidity sits and how quickly prices move when buying or selling picks up. Macro Drivers And Market Sentiment The volume surge came as major cryptocurrencies showed strength. Reports have disclosed Bitcoin moving higher toward $115,000 while Ethereum traded near $4,200. That broader rally can lift smaller tokens as traders rotate capital across markets. Still, metrics are…
Filed under: News - @ October 29, 2025 5:25 am