The whales are indeed investing significantly in Dogecoin (DOGE). In May 2024 alone, whales have accumulated around 820 million DOGE, valued at approximately $130 million.
This influx of whale investments has contributed to a notable price increase, with DOGE seeing a 32% rise in May 2024. This trend is also evident in earlier periods; for instance, six new whales accumulated 620 million DOGE, further highlighting the growing interest among large investors.
Given the current bullish trend and significant whale activity, DOGE could potentially approach or exceed the $0.20 mark if the momentum continues and if key resistance levels are overcome💯🎯.
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