Elon Musk-Trump Truce Boosts Dogecoin Price, Trading Volume

Dogecoin has experienced a significant rally recently, fueled largely by Elon Musk's public apology to President Donald Trump, which eased political tensions and boosted investor confidence. This reconciliation, combined with increased speculation around potential ETF approval, has driven notable price gains and trading volumes, with DOGE rising above key resistance levels and showing bullish technical signals. Institutional interest is growing, as analysts have increased the odds of a Dogecoin spot ETF approval, and the token's integration with DeFi platforms like Coinbase-backed Base enhances its utility. On-chain data reveals a surge in Dogecoin's user base, with nearly 8 million holders, surpassing major cryptocurrencies like XRP and USDC in wallet counts, signaling rising adoption and community strength. Meanwhile, Bitcoin's strong recovery to above $110,000 has positively influenced the broader crypto market, with Ethereum and other altcoins also posting gains, underscoring a bullish trend. Additionally, Dogecoin's cultural presence is expanding beyond markets, exemplified by the launch of a Dogecoin-inspired whiskey, highlighting its mainstream appeal.