Dogecoin Whales Increase Holdings by 1 Billion DOGE
On-chain data indicates that Dogecoin whales have increased their holdings, signaling potential bullish activity among major investors.
Key Developments
- Whales have collectively acquired over 1 billion DOGE recently.
- Whale addresses hold more than 1 billion DOGE, equivalent to nearly $200 million at current prices.
- A previous decline in whale holdings occurred near the end of July, causing bearish price trends.
- Analyst Ali Martinez notes a recent surge in whale buying activity, suggesting they see current lows as an entry opportunity.
- Dogecoin's price has dropped below $0.20, down approximately 8% over the past week.
Additional Insights
- Pepe (PEPE) has also shown positive momentum, indicated by a buy signal from the Tom Demark Sequential setup.
