DOGE (Dogecoin) fell 6.74% in the last 24 hours.

Gate News Bot news, on November 3, according to CoinMarketCap market data, as of the time of writing, DOGE (Dogecoin) is currently priced at $0.17, a fall of 6.74% in the last 24 hours, with a peak of $0.20 and a low of $0.17. The current market capitalization is approximately $26.512 billion, a decrease of about $1.916 billion compared to yesterday.

Dogecoin is an open-source peer-to-peer digital currency, favored by Shiba Inu enthusiasts worldwide. At its core, Dogecoin is an unexpected cryptocurrency movement designed to make people smile! It is an open-source peer-to-peer cryptocurrency based on blockchain technology, using a highly secure decentralized system to store information as a public ledger maintained by a network of computers known as nodes. More importantly, the spirit of Dogecoin is encapsulated in the Dogecoin manifesto, which has a vibrant community made up of friendly people like you!

Important news about DOGE recently:

1️⃣ Unichain Network Expansion Supports DOGE Unichain, an Ethereum Layer 2 network, has announced that it will begin supporting a variety of non-EVM assets, including Dogecoin. Through the Universal protocol, users can create cross-chain transferable “uAssets” to achieve 1:1 exchange with the original version. This move is expected to improve DOGE's cross-chain interoperability and expand its application scenarios, which may bring new demand and value growth points to DOGE in the long run.

2️⃣ Large whale accounts reactivated A large cryptocurrency holder, who had been inactive for 11 months, recently resumed activity by withdrawing 15,115,000 DOGE (valued at 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 move could affect market supply and draw investors' attention to the behavior of large holders, potentially impacting short-term price trends.

3️⃣ Institutional investors are significantly 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 may impact market supply, providing potential support for DOGE prices.

From a technical point of view, the DOGE price fell within 24 hours, which could be affected by short-term profit-taking and market sentiment swings. However, fundamentally, the expansion of Unichain's support has brought new development opportunities for DOGE, and the activities of large holders and the continued increase in institutional holdings have brought market attention to DOGE, which may support the price in the medium to long term. Investors should pay close attention to the overall trend of the global cryptocurrency market and the development of DOGE's unique ecosystem.

This message does not constitute investment advice; investors should be aware of market volatility risks.