Dogecoin (DOGE) saw a surge of over 5% following Elon Musk's launch of the America Party, reflecting optimism about a future aligned with cryptocurrency. Trading volume topped 1.1 billion, with whale wallets aggressively accumulating DOGE while smaller holders exited, signaling institutional confidence. Musk's announcement, emphasizing pro-Bitcoin rhetoric, has led to speculation regarding DOGE's potential role in his political movement. The price of DOGE rose from $0.163 to $0.171, supported at $0.166 as it consolidated between $0.170 and $0.173. As Musk's platform critiques Donald Trump's financial policies, no explicit mention of DOGE was made, but its historical integration into devices by Musk has ignited speculation regarding its symbolic importance. This trend highlights ongoing market volatility amidst economic uncertainty and an impending tariff deadline from Trump, which adds to the overall crypto landscape. whale accumulation of DOGE indicates renewed confidence among larger investors amidst retail selling, showcasing a complex interplay of market dynamics and political narratives.

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