💥It seems like the meme coin market is seeing notable activity. Dogecoin (DOGE) has seen a significant increase in whale “buying” activity🐳.
💥The current price of Dogecoin is $0.109138 per (DOGE/USD) with a current market cap of $15.95B USD. The 24-hour trading volume is $713.25M USD.
👉An increase in whale activity indicates that large investors are entering the market, which could lead to more price volatility. It should be noted that whale trading volume often peaks before there can be large price movements.
👉According to analyst Ali Martinez, “whales have been buying DOGE in the past two days. They bought more than 1.40 billion DOGE tokens in 48 hours. It should be noted that this amount is worth $140 million.”
💥How is Dogecoin doing?
👉In the past week alone, DOGE has increased in price by nearly 11%. At the time of writing, the meme is trading at $0.118, up 7.7% over the past 24 hours.
👉It seems that Dogecoin whales are preparing for something big. On X, some analysts hope that in October DOGE price will surpass $0.2.
