Dogecoin has seen a remarkable 21% surge this week, outpacing other memecoins like Shiba Inu and Pepe. Currently trading at $0.38, this rise is linked to increased interest from large investors, with over 1.08 billion DOGE bought recently. A significant transfer of 399.9 million DOGE from Binance to a private wallet hints at reduced selling pressure.

January is historically strong for DOGE, with past returns of up to 711%. Galaxy Digital's Alex Thorn predicts DOGE could hit $1 by 2025, reaching a $100 billion market cap. Meanwhile, Spirit Blockchain plans to use its DOGE holdings for yield farming, similar to MicroStrategy's Bitcoin strategy.