Dogecoin Shark and Whale Wallets Increase Despite Price Decline
Recent on-chain data indicates an increase in Dogecoin shark and whale wallets, which may positively impact DOGE's price despite a general decline.
Key Insights
- Dogecoin wallets holding over 1 million tokens have grown by 62 (approximately 1.24%) since early February.
- The Supply Distribution for these wallets declined at the start of the bearish trend but has reversed direction recently.
- Active Addresses for DOGE reached a four-month high, indicating increased transaction activity.
- Current trading price for Dogecoin is around $0.166, reflecting a 4% increase over the past week.
