Dogecoin Whales Accumulate 60 Million $DOGE
Dogecoin whales have accumulated significant amounts of DOGE recently. Over the past week, addresses holding between 10 million and 100 million DOGE added over 900 million DOGE, valued at around $129 million. Additionally, whales have bought over 700 million DOGE, worth approximately $112 million, in just 72 hours.
This accumulation comes as Dogecoin's price has seen some fluctuations, hovering around $0.18. The increased activity among whales suggests a potential bullish trend, with some analysts predicting that if Dogecoin can maintain or surpass key price levels, it could see significant upward movement, possibly aiming for $0.6 or even $1 in the future.
The market value to realized value ($MKR ) ratio indicates a favorable accumulation zone, which historically precedes price rallies. As such, the recent whale activities might be a prelude to a recovery in Dogecoin's price.
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