DOGE (Dogecoin) fell 4.34% in the last 24 hours.

Gate News Bot news, on October 31, according to CoinMarketCap data, as of the time of writing, DOGE (Dogecoin) is currently priced at $0.18, down 4.34% in the last 24 hours, with a high of $0.21 and a low of $0.18. The current market capitalization is approximately $28.025 billion, a decrease of about $1.272 billion from yesterday.

Dogecoin is an open-source peer-to-peer digital currency, favored by Shiba Inu enthusiasts. As a cryptocurrency, Dogecoin utilizes blockchain technology to maintain a highly secure public ledger through a decentralized network of nodes. The Dogecoin community is known for its friendliness, mutual assistance, and humor, adhering to the unofficial motto “Do Only Good Everyday.”

Important news about DOGE recently:

1️⃣ Unichain Network Expansion Supports DOGE The Ethereum Layer 2 network Unichain has announced that it will begin supporting various non-EVM assets, including Dogecoin. Through the Universal protocol, users can create “uAssets” that can be transferred across chains, enabling a 1:1 exchange with the native version. This initiative is expected to enhance the cross-chain interoperability of DOGE, expand its application scenarios, and potentially bring new demand and value growth points for DOGE in the long term.

2️⃣ Large whale accounts reactivated A large cryptocurrency holder, inactive for 11 months, has recently resumed activity by withdrawing 15,115,000 DOGE (worth approximately 2.95 million USD) from a centralized exchange. The wallet address currently holds 15,190,000 DOGE, with a total value of around 12.96 million USD. This move may impact market supply and raise investor attention on the behavior of large holders, potentially affecting short-term price trends.

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

From a technical perspective, the price of DOGE has fallen within the last 24 hours, potentially influenced by short-term profit-taking and fluctuations in market sentiment. However, on the fundamental side, the support expansion of Unichain brings new development opportunities for DOGE, while the activities of large holders and continued accumulation by institutions elevate market attention on DOGE, which may provide price support in the medium to long term. Investors should closely monitor the overall trends of the global cryptocurrency market and the unique ecosystem development of DOGE.

This message is not intended as investment advice; investors should pay attention to the risks of market volatility.