dogecoin whales pile in as musk's america party fuels crypto optimism

Dogecoin (DOGE) is making waves again, this time riding the political momentum from Elon Musk's newly launched America Party. The meme coin jumped over 5% in 24 hours, climbing from 0.163to0.171, as traders bet on crypto-friendly policies gaining ground in Washington. What's driving the action? ​​Whale activity:​​ Big money is moving in. On-chain data shows wallets holding 1M-100M DOGE aggressively accumulating, even as smaller investors cash out. ​​Trading volume spikes:​​ Over 1.1B DOGE changed hands during the rally, with a notable breakout between 0.166−0.173 on 1.14B volume. ​​Political tailwinds:​​ Musk's pro-Bitcoin platform - and his ongoing feud with Trump - is fueling speculation about DOGE's potential role in his movement. The technicals tell an interesting story: Strong support has formed at $0.166 after the initial surge Resistance is firm at $0.173 where late-session selling emerged The final trading hour saw another push above $0.171 with two notable spikes (12.8M and 8.0M DOGE traded) While Musk didn't mention Dogecoin directly, his history of DOGE integration at Tesla and X has the community buzzing. Could payment integrations or symbolic adoption be coming? With Trump's tariff deadline looming on July 9, this political/crypto crossover is one to watch. ​​Key question for traders:​​ Is this a sustained move or just political hype? The whale accumulation suggests some believe in the former. #Finance #MakeMoney