DOGE News: Long-Term Holder Conviction and Market Rally Boost Dogecoin’s Price

Dogecoin ($DOGE) has been experiencing notable market movements, with long-term holders showing strong conviction in the cryptocurrency’s future. This, coupled with recent market rallies, has significantly impacted Dogecoin’s price.

Dogecoin: Strong Signals from Holders and Market Movements

Dogecoin ($DOGE) has seen a significant portion of its supply, 15%, remain dormant for 6–12 months. This indicates strong conviction from long-term holders who acquired assets before the November and December rallies. These holders are showing little intention of selling despite market fluctuations, suggesting confidence in Dogecoin’s future.

Dogecoin (DOGE) Rockets Over 10% After DOGE Reserve Buy

Dogecoin (DOGE) soared over 10% after House of Doge introduced a new 10 million DOGE reserve worth around $1.83 million to solidify the meme token’s role as a practical method of payment. House of Doge wants to use the reserve as a liquidity pool to smooth out purchases for everyday items, rather than treat it as a long-term hedge. The reserve aims to speed up merchant adoption of Dogecoin, which lacks institutional acceptance and deep liquidity. More businesses and users may adopt the memecoin for real-world transactions due to this reserve.

Dogecoin: Potential Integration on X Payment Platform Highlighted by Grok AI

There has been speculation about Dogecoin (DOGE) being integrated into X’s payment platform. X’s owner, Elon Musk, has expressed support for DOGE and even enabled payments for Tesla merchandise using the cryptocurrency. Grok, X’s in-built AI chatbot, highlighted Musk’s fondness for DOGE and mentioned that X has pursued money transmitter licenses across the US, with approvals in 38 states as of 2025. The payment platform could go live sometime later this year, focusing on fiat transactions similar to Venmo or Zelle.