Dogecoin Surges 4.864% as Developers Launch Major Blockchain Update

Dogecoin's latest price was $0.1676, up 4.864% in the last 24 hours. The Dogecoin developers have released a significant update to the blockchain with the launch of Libdogecoin v0.1.4. This update, announced through the Dogecoin Developers’ official channels on X and detailed on GitHub, introduces several new features to the Dogecoin blockchain, including secure enclave integration, performance improvements, and expanded support for cryptographic tools like YubiKey. The timing of this release is notable, as it comes during a period of stagnation in the meme coin's market performance.

Dogecoin has evolved significantly since its inception as a joke by creators Jackson Palmer and Billy Markus. Initially created as a lighthearted response to the volatility of other cryptocurrencies like Bitcoin, Dogecoin has become the first meme coin and has since attracted a community of developers contributing to its open-source platform. The recent update to v0.1.4 highlights the collaborative efforts of multiple developers, with contributions focusing on performance, cryptographic efficiency, and support for secure hardware modules.

Key features of the update include support for secure enclaves, the introduction of SPV (Simplified Payment Verification) pup features, and integration with YubiKey-based key management. The upgrade also includes native support for Intel assembly SHA algorithms and ChaCha20 encryption to enhance the blockchain's speed. Additionally, the update introduces an HTTP server, adjustments to chainwork positioning within block index structures, and improved REST endpoint functionalities. New features such as getTimestamp, getLastBlockInfo, and UTXO confirmations have been added to facilitate better blockchain interaction. Updates to underlying cryptographic libraries, including secp256k1, new guards for ARMv8 cryptographic extensions, and DragonFlyBSD support, are also part of the release.

Despite the technical advancements, Dogecoin's market performance has been under pressure, with the meme coin struggling to maintain key support levels. The broader market correction, fueled by fears of a global recession and escalating trade disputes, has hit meme coins particularly hard. However, there are signs of a potential shift in sentiment, as whales have been accumulating Dogecoin, buying over 80 million DOGE in the last 24 hours. This aggressive accumulation by large holders has sparked renewed optimism, signaling growing confidence among major players despite the broader market’s uncertainty.

Dogecoin has been one of the hardest-hit cryptocurrencies during the recent market downturn, shedding value since its December highs. The meme coin, once viewed as a symbol of retail enthusiasm and viral momentum, is now leading the meme coin segment into a deeper drawdown. Investors who had high hopes for a continuation of last year’s uptrend are now facing a reality check, as macroeconomic instability and geopolitical risk continue to pressure high-volatility assets. Without a strong use case or fundamental backing, sentiment-driven assets like Dogecoin tend to face the heaviest selling when risk aversion spikes.

Despite the broader negativity, there are hints of accumulation that could offer hope for a turnaround. According to data shared by top crypto analyst Ali Martinez, whales bought over 80 million DOGE in the last 24 hours. This buying activity suggests that some large players are viewing the current levels as attractive entry points, even if a full recovery has yet to materialize. For now, Dogecoin remains in a vulnerable position, but rising whale interest could be a signal worth monitoring.

Dogecoin is witnessing increased whale transactions, with an artificial intelligence (AI) tool projecting that such activity will likely help the token spike by almost 200% by year-end. According to data shared by on-chain cryptocurrency analytics platform Glassnode, Dogecoin whales accumulated 80 million DOGE in just 24 hours. Historically, such transactions have often hinted at imminent price growth, as whale purchases tend to signal confidence in the asset. These transactions could boost Dogecoin, which has recently struggled with massive volatility.

Despite the subdued market sentiment, insights from OpenAI’s AI platform ChatGPT predict that Dogecoin has the potential to rally almost 195% and trade at $0.50 by the end of 2025. The AI model outlined three possible scenarios for the token. In a bullish scenario, fueled by Bitcoin (BTC) hitting new highs, continued whale accumulation, or renewed enthusiasm for meme coins, DOGE may reach between $0.35 and $0.50. In a neutral case, where the meme coin simply tracks the general market without regaining significant hype, the expected range would be $0.22 to $0.28 by year-end 2025. Should market conditions turn negative or investor interest wane, the AI tool sees DOGE declining and trading between $0.10 and $0.14. Considering all factors, particularly ongoing whale interest and DOGE’s behavior in past cycles, ChatGPT’s base-case estimate places Dogecoin at $0.30 by the end of 2025.

A possible price breakout was also shared by pseudonymous cryptocurrency analyst Trader Tardigrade, who, in an X post, pointed to the start of a new “Doge Season.” The pattern shows DOGE breaking out of a long-term downtrend, similar to previous explosive moves in 2017 and 2021. The meme coin could be gearing up for a strong run against Bitcoin through 2025 if history repeats itself. Overall, general market sentiment is key for Dogecoin to sustain bullish momentum. The token must strongly hold the $0.15 support zone to invalidate any bearish pullback.