Dogecoin whales have been active in the market, increasing their holdings significantly over the past three days. According to on-chain data from Santiment, these large holders, with balances ranging from 100 million to 1 billion DOGE, have acquired a whopping 700 million DOGE, valued at around $113 million. This influx of buying activity suggests that these investors see the current price levels as attractive entry points. As a result, the total supply controlled by whales now stands at 30.91 billion DOGE, accounting for 21.4% of the circulating memecoin. In contrast, Shiba Inu's whale activity hasn't seen a similar surge, with indications that some may be preparing to sell based on recent deposits to centralized exchanges.
