Dogecoin$DOGE Holders Are Having Fun

Another favorite of large investors is the popular memecoin Dogecoin. Over the past 30 days, the cryptocurrency has grown by an impressive 24%. At the time of writing, DOGE is trading at $0.12, the highest level since August 2.

On-chain metrics show that large addresses (i.e. those holding more than 0.1% of the coin’s circulating supply) are steadily increasing their holdings. In the last week alone, net capital inflows into the whale segment of the memecoin increased by 143%.