Crypto, This movement of DOGE whales announces a powerful rally In a strategic move amid a volatile crypto market, large investors, commonly referred to as "whales", have accumulated over 250 million Dogecoin (DOGE). This significant acquisition occurred while the price of dogecoin was on the decline, attracting market attention due to its timing and magnitude.

DOGE whales accumulate over 250 million dollars

Recent data shows increasing activity among holders of 1 to 10 million DOGE during the recent crypto market downturn. These whale accounts have made substantial purchases, contributing to over 250 million DOGE traded. This synchronized activity appears to have coincided with a sharp decline in the price of dogecoin, providing whales the opportunity to accumulate assets at a reduced price.

This behavior underscores the trend of wealthy investors to buy during times of price weakness, positioning themselves for potential gains in the future. The chart indicates fluctuations in the price of dogecoin over the past few weeks, culminating in a marked drop that coincided with whale accumulation. Following this frenzied acquisition, the price of DOGE showed a rapid recovery, suggesting a possible correlation between whale activity and sentiment in the crypto market.