Dogecoin (DOGE) Skyrockets 5% After NBA Legend Scottie Pippen Drops It in Celebrity Watch List

Dogecoin just got the ultimate celebrity co-sign—and the market responded with a rocket launch.

NBA Hall of Famer Scottie Pippen name-dropped DOGE in his latest 'must-watch' crypto list, sending the meme coin soaring 5% in hours. Because nothing fuels a bull run like a retired athlete’s endorsement.

The Pippen Pump: How Celebrity Whims Move Markets

No white paper updates. No protocol upgrades. Just a six-time NBA champ casually tossing DOGE into the cultural ether—and suddenly, traders FOMO in like it’s 2021 all over again.

Meme Coin Mechanics 101

DOGE’s surge proves crypto’s golden rule: fundamentals are optional when you’ve got vibes, a Shiba Inu mascot, and Elon Musk’s Twitter history. Meanwhile, serious projects with actual utility keep grinding in obscurity. Classic.

Will this pump hold? Who knows. But for now, the dog has its day—again.

TLDR

• Dogecoin jumped 5% from $0.163 to $0.171 with massive trading volume on July 6
• Trading volume spiked to 1.14 billion during the biggest price move – nearly 6 times daily average
• Whale investors holding 1M-100M DOGE have been accumulating since June 28
• Strong support formed at $0.166 with resistance at $0.173-$0.175 zone
• NBA legend Scottie Pippen included DOGE in his cryptocurrency watch list

Dogecoin experienced a sharp 5% price increase over the past 24 hours, climbing from $0.163 to $0.171. The surge came with heavy trading volume and technical breakouts above key resistance levels.

The most dramatic price action occurred between 12:00 and 13:00 UTC on July 6. During this one-hour window, Doge jumped from $0.166 to $0.173.

Trading volume during this period reached 1.14 billion tokens. This represented nearly six times the daily average volume for the memecoin.

The price movement established strong support at the $0.166 level. Multiple tests of this price point showed sustained buying pressure from investors.

Following the initial surge, Dogecoin consolidated between $0.170 and $0.173. The token tested resistance at $0.173 multiple times during evening trading hours.

On-Chain Data Shows Whale Accumulation

Blockchain data reveals changing investor behavior patterns. Smaller retail holders have been exiting their positions in recent weeks.

Meanwhile, whale investors have been accumulating DOGE tokens. Addresses holding between 1 million and 100 million tokens have steadily increased their holdings since June 28.

This whale accumulation suggests institutional confidence in Dogecoin’s price prospects. Large investors typically take positions based on longer-term outlooks rather than short-term trading.

The accumulation pattern indicates potential positioning ahead of larger price movements. Institutional buying often precedes major rallies in cryptocurrency markets.

Technical Resistance Levels in Focus

Analysts are monitoring the $0.173 to $0.175 price zone as immediate resistance. A clean break above this level could open the path to $0.180.

Beyond $0.180, the next major resistance sits at $0.21. This level represents a key psychological barrier for the token.

Recent trading showed volume spikes of 12.8 million at 01:16 UTC and 8.0 million at 01:36 UTC. These spikes suggest continued bullish momentum among traders.

The $0.166 support level remains critical for maintaining the current uptrend. Strong volume at this level has provided a foundation for further gains.

Consolidation between current levels may continue before the next major move. The tight trading range indicates building pressure for a breakout.

Former NBA star Scottie Pippen added dogecoin to his cryptocurrency watch list on social media. His post included DOGE alongside Bitcoin, Ethereum, and other major tokens.

Bitcoin is my #1 but I'm building my watch list. What coins are you watching?

I got my picks…$ETH $SOL $BNB $XRP$Ball aka @Game5Ball$ADA $DOGE $SHIB $LINK $CRO What else you got? Drop your crypto picks.

— Scottie Pippen (@ScottiePippen) July 6, 2025

The six-time NBA champion listed Bitcoin as his top choice. However, he expressed interest in building a diversified cryptocurrency portfolio.

Pippen’s watch list includes Ethereum, Solana, XRP, BNB, Cardano, Dogecoin, Shiba Inu, Chainlink, and Cronos. He also mentioned his own token called BALL.

The social media post received 1,700 likes but had limited immediate impact on DOGE’s price. Market uncertainty around US tariff policies has dampened celebrity endorsement effects.

Pippen has made controversial statements about cryptocurrency in recent months. He previously claimed to have met bitcoin creator Satoshi Nakamoto in 1993, which many consider implausible.

The current price action occurs as President Trump’s tariff deadline approaches on July 9. Market participants remain cautious about potential policy impacts on risk assets.

Elon Musk’s launch of The American Party has generated speculation about DOGE integration. The potential for payments on X platform continues to drive interest in the token.