Dogecoin whales have gone on a buying spree, acquiring 160 million DOGE in the past 24 hours amid the ongoing price correction.

Whales are massively acquiring Dogecoin, leveraging the recent dip to buy the meme coin at a discount. In the past 24 hours, large holders have amassed 160 million DOGE in anticipation of a price uptick.

The growing confidence in Dogecoin stems from the meme coin’s recent price explosion. For context, the dog-themed token recently broke a multi-year price high, appreciating extensively to trade around $0.4316 on November 13. As it dropped from this peak, accumulation has picked up.

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