Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin Whale Activity Explodes 400%
In 24 Hours As Large Players
Buy DOGE At A
Discount
Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin Whale Activity Explodes 400% In 24 Hours As Large Players Buy DOGE At
A Discount
by Scott Matherson
2 hours ago
in Altcoin News , Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin
0
Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin (DOGE) has experienced a massive spike in whale activity , with
large-scale investors purchasing huge amounts of tokens in the past 24 hours.
This surge in buying activity comes as the Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin price gears up for a
potential rally, offering a discount for whales who may believe the meme coin
is currently undervalued.
Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin Whale Activity Skyrockets 400%
In the past day, whale transactions involving Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin increased by a
staggering 400%. This surge, reported by Santiment, indicates that the number
of significant transactions, exceeding $100,000 and affecting millions of DOGE
tokens, has skyrocketed compared to normal levels.
Related Reading: Why You Should Expect A Strong Bullish Move From The Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin
Price After Its 46% Crash
Notably, the sudden spike in Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin’s whale activity was led by large
players who are accumulating DOGE at what they believe is a discount price.
IntoTheBlock has also shared a similar report , highlighting a massive
increase in DOGE s large transaction volume. According to the analytics
platform, Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin’s large transaction volume rose to over $60.9 billion in
the past 24 hours. This considerable increase suggests a growing interest and
activity amongst high-net-worth institutional investors.
Crypto analyst Ali Martinez recently revealed in an X (formerly Twitter) post
that whales purchased approximately 140 million DOGE tokens on the last day.
The analyst shared a Santiment chart showing the increase in whale activity by
holders with balances between 1,000,000 and 100,000,000. The trend in the
chart indicates a surge in Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin whale holdings , particularly leading into
January, correlating with a rise in the meme coin’s price. Source: Santiment
With Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin currently trading at $0.39, many whales may view this price as a
discount opportunity to accumulate tokens ahead of a major breakout.
Typically, an increase in whale activity often precedes a cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта’s
price increase, as these large-scale investors are known to influence market
trends due to their significant holdings and influence.
Over the past few weeks, Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin whales have been on a massive buying spree ,
purchasing large amounts of DOGE tokens at a lower price. In the last four
days, whales have bought over 1.08 billion DOGE tokens, signaling increased
confidence in the meme coin’s future potential. Moreover, as DOGE is presently
demonstrating renewed strength and signs of recovery , many analysts
anticipate a price rally could be imminent.
DOGE To Retest $0.41 To Claim New ATH
Among the notable Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin price predictions, a crypto analyst identified as
“The Cryptomist” on X has forecasted that the meme coin could hit a new
all-time high above the $0.75 mark. The crypto analyst highlights that
Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin is steadily approaching a critical resistance level at $0.41, which,
if broken, could trigger significant upward momentum .
Related Reading: Bitcoin CME Futures Pushes Above $100,000, BTC Price Now In
The ‘Bull Zone’
Source: X
The market expert has predicted that Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin may undergo a trend retest
around the $0.41 resistance line to claim a new ATH . Based on the analyst’s
price chart, a support zone at $0.3 has been established to help stabilize
DOGE s price during a potential pullback. DOGE comes under bearish
pressure | Source: DOGEUSDT on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com