Dogecoin Whales Accumulate 2 Billion DOGE Worth $448 Million
On-chain data indicates that Dogecoin whales have increased their holdings, which may signify bullish momentum for the memecoin.
Key Points on Whale Activity
- Whales, defined as holders of 100 million to 1 billion DOGE (equivalent to $22.4 million to $224 million), have accumulated 2 billion DOGE in the past week, totaling $448 million.
- The Supply Distribution metric from Santiment shows an upward trend in whale holdings.
- Increased transaction activity is evident, with a significant spike in the Whale Transaction Count, indicating high movement among large investors.
DOGE Price Update
Dogecoin's price has decreased by 8% in the last day, currently at $0.22.
