He predicts a huge price increase for Dogecoin (DOGE). Martinez stated that DOGE could rise by 200%, similar to its performance in February. This optimistic prediction is based on memecoin's current bearish market sentiment.

Investors Are Heavily Accumulating Dogecoin

DOGE reached $0.18 in early March following Bitcoin's rise. This increase occurred shortly after spot Bitcoin exchange-traded funds (ETFs) were approved by the US Securities and Exchange Commission (SEC). Martinez stated that large Dogecoin investors have begun moving and purchasing large amounts of DOGE.

In a recent tweet, Martinez emphasized that Dogecoin whales have accumulated more than 700 million units of DOGE worth approximately $112 million in the last three days. This accumulation indicates increased confidence and the potential for price increases.

1.5 Billion Pieces of DOGE Changed Hands in the Last Two Days

Whale Alert, which tracks large transactions on the blockchain, reported that approximately 1.5 billion DOGE exchanged hands anonymously in the last two days. Among these large transfers, it was noteworthy that 420.69 million, 970 million and 499.42 million DOGE were moved between anonymous wallets. Additionally, 90 million DOGE were moved from Robinhood to an anonymous wallet.

#BitcoinDunyamiz

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