According to U.Today, Dogecoin (DOGE) has experienced significant on-chain activity in the past day, indicating a bullish sentiment among market participants. The whale netflow metric from IntoTheBlock shows a substantial increase in Dogecoin flowing into the addresses of major holders. The metric has risen from the negative zone to 364.38 million DOGE over the specified period.

This net inflow reflects the amount of money whales and investors holding more than 0.1% of DOGE's working capital are investing in the market. The current status suggests that large investors are buying significant amounts of Dogecoin, which could potentially boost its price. Interestingly, market lows often coincide with bursts of net inflow, indicating increased buying during price drops.

Further supporting this trend, an additional 417.68 million DOGE have been added to the wallets of major Dogecoin holders. Concurrently, the number of coins leaving these large holders' wallets has decreased, from 85.5 million to 53.3 million DOGE. This increase in network indicators suggests that more influential players are participating in the DOGE market and believe in the meme cryptocurrency's potential.

In conclusion, Dogecoin's recent activity reflects a strong bullish sentiment driven by significant whale accumulation. The notable increase in net inflows and the concurrent decrease in outflows emphasize the positive outlook of major market players, suggesting potential growth for DOGE in the near future.