Dogecoin ($DOGE )

Crypto whale interest in Dogecoin may be linked to the endorsement of Elon Musk’s proposed Department of Government Effectiveness for the new US administration.

On November 8, net inflows of large holders showed a negative value, indicating that selling was prevalent. However, at the time of writing, the figure has increased to 1.72 billion DOGE. This means that whales bought tokens worth about $636 million. The accumulation has noticeably affected the coin’s value: over the past seven days, the price of DOGE has soared by 85%. If whales continue to buy, Dogecoin could break above $0.37 next week. Otherwise, the cryptocurrency will continue to trade in a range.$PROS $PNUT