Dogecoin expands to Solana as whale holdings reach record levels

Dogecoin has expanded its ecosystem by going live on the Solana blockchain via the Wormhole Sunrise gateway. Following the integration, the cryptocurrency saw $19 million in trading volume on its first day. The move allows DOGE to trade natively on platforms including Jupiter, Raydium, Phantom, and Solflare without the need for wrapped tokens.

Despite the technical expansion, the price has remained relatively flat, trading within a range between approximately $0.08 and $0.09. While the price has not yet broken out, whale wallets have reached a record high, holding 108.52 billion DOGE.

Technical analysis suggests that the $0.08 level serves as a key support region due to weekly support and Fibonacci retracement levels. Maintaining position above this support is necessary for a potential move toward the $0.09 resistance area.