Dogecoin whales are hoarding coins like crazy! Reports suggest that these large holders have quietly acquired over 550 million dogecoins, shaking the market!
Analysts boldly predict that dogecoin may be quietly gathering strength, preparing for a massive surge; what secrets lie behind this large-scale hoarding?
DOGE is currently just 37% away from its all-time high.
Last night, all eyes in the cryptocurrency community were on Bitcoin, as it is expected to finally reach the coveted $100,000 milestone.
However, dogecoin has now caught people's attention, with its price surging significantly, reaching around $0.48 earlier today—a new high in 3.5 years.
The largest meme coin hovered around $0.4 for several days but was ultimately suppressed by shorts. However, it first broke this level yesterday, initially reaching $0.42, then soaring to $0.48, the first time since the bull market in the first half of 2021.
Since Trump won the US election, dogecoin has been one of the biggest gainers, skyrocketing over 200% in the past month, and cryptocurrency analysts are now setting impressive but potentially somewhat far-fetched targets for this asset in the current bull market cycle.
DOGE is also the best-performing meme coin in the past 24 hours. The only other coin performing well is SHIB, which has risen over 7%.
In addition, according to CoinGlass, the rise of DOGE in the past 24 hours has led to nearly $40 million in dogecoin shorts being liquidated.
Even more notable is that this wave of whale activity coincides with the explosive rise in dogecoin's price this month, highlighting its strong momentum.
Looking back in history, every time whales are active, the price of dogecoin always experiences significant volatility. As DOGE breaks through the $0.3 mark, the collective action of whales has significantly increased.
Despite the selling pressure in the short term, whales seem to be quietly returning, banding together to acquire more dogecoin.
As the most popular meme coin in the world, dogecoin continues to break new highs with the support of a vast community.
