Whale Accumulation Reestablishes Bullish Sentiments

Interestingly, whale activities on the Dogecoin ecosystem suggest that market participants expect higher prices. Data shows a recent accumulation trend among large DOGE holders looking to leverage the dip and buy at a discount.

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Market analyst Ali Martinez pointed to this accumulation trend, reestablishing positive sentiments in the Dogecoin community. The analyst shared a chart showing that whales holding between 10 million and 100 million DOGE bought 160 million of the meme coin ($64 million) in the past 24 hours