Dogecoin experienced an 11% surge in the past 24 hours, fueled by significant institutional inflows and heightened trading activity. The cryptocurrency's price rose from $0.19 to $0.21 between October 12 and October 13, as institutional trading desks led the charge, increasing volume to four times its usual daily average. Market participants are now eyeing a potential sustained close above $0.22, which could pave the way for further gains towards the $0.24–$0.25 range.