🔥💥Dogecoin Scale Rises 582% As DOGE Whales Lead the Ascension
The leading asset of the meme coin market continued to demonstrate its dominance in the past day. #Dogecoin has seen a critical metric increase of 582% as #DOGE whale owners have improved. In particular, IntoTheBlock data shows that large holder entries have increased in the last 24 hours.
Indeed, it was seen that the large number of buyer inflows to the asset increased from 126.63 million DOGE to over 754 million. Moreover, this corresponds to an increase of more than $ 116 million. Conversely, the original meme coin has increased by about 22% in the last week, according to CoinMarketCap.
Dogecoin Whale Listings Have Increased by Almost 600%
The meme coin market of the digital asset sector begins and ends with Dogecoin. The Sunday-leading asset has long been perceived as the most dominant option available. Moreover, it doesn't look like this lead will go anywhere, as the token could be heading towards a big bull rally in the coming days.
This is especially due to Dogecoin's dominance in an important metric; a 582% increase has the potential to position the DOGE whales in a way that can sustain the aforementioned rally. Indeed, the data shows that large investor inflows have seen a big increase in the last 24 hours.
An important observation point will also be the exits of major shareholders. The number has increased in the last 24 hours, but not significantly. Specifically, the figure increased from 471.75 million DOGE to 488.89 million.
In general, this figure is a great way to observe how the most invested investors behave. Moreover, it will strengthen market sentiment, which usually tends to be bullish or bearish. As far as the DOGE and the recent rise are concerned, this is undoubtedly an indication that the upward trend has been blocked.
