Dogecoin (DOGE) welcomes a whale spending $80 million! Is a price increase imminent?
Recently, a notable large trade occurred in the Dogecoin (DOGE) market—one whale investor splurged $80 million to purchase 250 million DOGE. This move has ignited discussions in the market about Dogecoin’s future trajectory. Whether you're a small retail investor or a seasoned trader, this wave of 'whale' activity is worth paying attention to.
Whales dominate the market, with frequent fluctuations
In recent years, Dogecoin has become a playground for whales. This latest increase in whale positions brings to mind the intense fluctuations of Dogecoin over the past month: the volume of trades exceeding $1 million has significantly increased, peaking especially when the price surged to $0.47. Even though Dogecoin has recently pulled back to $0.31, whales remain active, truly steady as a rock.