Dogecoin ripped nearly 9% higher, breaking through resistance on more than a billion tokens traded. Support reset to $0.242 after an early breakout, while late-session flows pushed DOGE into the $0.254 zone before consolidation.

Traders pointed to SHIB’s parallel 6% rally — underpinned by record trillion-token turnover and exchange balances at two-year lows — as further evidence of institutional accumulation across meme-coins.

News Background

DOGE advanced 8.8% over the 24 hours from Oct. 1, 03:00 to Oct. 2, 02:00, climbing from $0.23 to $0.25. The move was fueled by speculation around U.S. ETF approvals and aggressive institutional positioning.

SHIB also surged 6.2% in the same window, with exchange reserves dropping to multi-year lows, underscoring a reduction in available supply as meme-coins gained broader bid interest.

STORY CONTINUES BELOW
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Author: Shaurya Malwa

Coindesk

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