Dogecoin Price Surges Over 12% Amid Increased Whale Investor Activity
Dogecoin Overview
- Dogecoin has increased over 12% in the last 24 hours, trading around 42 cents.
- The price surge occurred as Bitcoin tested a resistance level near $102K.
- Dogecoin is backed by over 6 million on-chain holders and has shown significant buying pressure after a two-month correction.
Technical Enhancements
- Core developers released version 1.14.6 for wallet protection and cost-effective usage.
- Integrations with X payments are anticipated to boost real-world utility.
- X platform has obtained money transmitter licenses in 33 U.S. states.
Whale Activity
- Increased whale activity noted, with whales accumulating 200 million DOGE units recently.
- A whale transferred 400 million DOGE, valued at over $154 million.
- Heightened demand may lead to a bullish breakout, potentially mirroring patterns from the 2021 cycle.