<ul data-eligibleForWebStory="false"><li>Dogecoin surged 6% after Elon Musk publicly apologized to Donald Trump, sparking renewed interest in the meme-inspired cryptocurrency.</li><li>Dogecoin's price increased to $0.2031 from $0.1909, with a market capitalization of $30.39 billion and a 24-hour trading volume of $1.57 billion.</li><li>Market analysis questions the drivers behind the buying frenzy, noting the absence of high trading frequency from retail investors, known as 'ant investors,' typically seen at price tops.</li><li>Possible factors behind Dogecoin's surge include institutional or whale activity, algorithmic trading reacting to news, and short covering by traders forced to buy back as the price rises.</li></ul>

DOGE Jumps 6% Following Elon Musk Apology to Trump: Who’s Driving the Frenzy?

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