Dogecoin (DOGE) experienced a notable surge in value on May 10 and 11, 2025, rising over 18% in a single day and surpassing a market capitalization of $35 billion. The cryptocurrency hit a price of 23 cents during this period, with some reports indicating gains of up to 27% and a market cap exceeding $36 billion. This rally ended a three-year consolidation phase, adding approximately $7 billion in market value in one day. Activity from large holders, including the movement of 1.6 billion coins valued at around $300 million, contributed to the price increase. Bitcoin's price rising above $104,000 also supported Dogecoin's momentum. Additionally, retail traders in South Korea have been actively trading Dogecoin and XRP, with Dogecoin surpassing Bitcoin and Ethereum in local trading volumes. Dogecoin's website was updated to reflect estimated savings of $170 billion, underscoring its growing prominence in the crypto market.