In the past week, Dogecoin (DOGE) has attracted significant attention from large investors, often referred to as "whales" of cryptocurrency. According to data from IntoTheBlock, the trading volume of Dogecoin has increased by 112% over the past seven days, reflecting positivity from large wallets.
These wallets, which hold more than 0.1% of the total supply of Dogecoin, are recording impressive net purchases. This indicates strong accumulation of Dogecoin, which is often seen as a positive signal for the value of this coin in the future.
As large investors ramp up buying activity and trading grows exponentially, the likelihood that Dogecoin will continue to experience sustainable price increases is highly anticipated. However, as always, the cryptocurrency market is fraught with risks, so investors need to carefully consider before making decisions.