In the past day, DOGE has been stirring things up again.

The price looks lukewarm—$0.1491, down 0.75%, but with a trading volume of $1.24 billion and a market cap over $24 billion, this dog is proving resilient. The real action is on-chain: big players have quietly scooped up 480 million DOGE in the past couple of days, equivalent to $71.8 million. Note, this isn’t contract gambling; it’s solid spot accumulation.

This move pushed the price up to $0.1534, a 2.5% rebound, nearly breaking above the 23-day moving average. The futures side is even crazier—on one platform, DOGE contract volume surged over 10,000 times, short positions got wiped out, and the liquidation ratio skewed over 5,000 times. Clearly, the bulls are gearing up for something big.

On the technical chart, DOGE is currently stuck in a symmetrical triangle. $0.145 is the bottom line, and if it breaks above $0.165, the next stop could be $0.18 or even $0.20. While whale-sized transactions have dropped to a two-month low (only 11), retail investors are piling in with enthusiasm, pushing the price up 11%.

The community is buzzing too—Grayscale’s DOGE ETF had a mediocre debut, but another institution’s fund is about to launch. Will the ETF become a new growth engine? At least for now, it’s a hot topic of debate.

This dog has gone from meme to mainstream, and every time people think it’s over, it bounces back. The next day or two will be key: if the whales keep accumulating, $0.18 isn’t out of reach; if momentum fades, holding the $0.13 level is crucial. With the market this wild, don’t just watch the show—risk is on you.