Shocked, whales accumulated DOGE during the downturn

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Once again, during the recent market downturn, major holders accumulated over 250 million DOGE tokens.

The holdings between 1,000,000 and 10,000,000 DOGE tokens, combined with the drop in DOGE prices at the beginning of December, led to a surge in whale trading, indicating that whales made strategic purchases at lower prices.

After the acquisition, the price trend of Dogecoin showed a moderate recovery, suggesting the potential impact of large-scale purchases on market dynamics.

This pattern indicates that whales might see the downturn as the best entry point, anticipating a price rebound or stabilization.

These often signal a shift in market sentiment, and if these holders maintain or increase their positions, it could lead to a more bullish outlook.

If DOGE also exhibits a similar buying pattern, it may indicate that prices are about to rise. Conversely, sell-offs by these whales could lead to price declines.

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