Dogecoin Whale Buying Signals A Breakout Ahead, DOGE Price To Hit $0.2?
Dogecoin whales have accumulated more than 2 billion coins last week, highest since January this year, while a recent $DOGE price analysis hints at a potential rally to $0.2.
According to recent on-chain data by IntoTheBlock, Dogecoin whales have been in a buying frenzy recently. This development has sparked optimism in the broader meme coin sector, as evidenced by the latest crypto performances.
The latest IntoTheBlock data showed that Large DOGE holders accumulated 2.07 billion coins only in the last week. This reflects the growing confidence of investors in one of the top players in the meme coin sector. Also, the data showed that this marks the highest weekly accumulation of the coin since January this year.
Notably, the investors were optimistic about the broader crypto market in the initial quarters of the year. The US Spot Bitcoin ETF launch in January has fueled a broader market optimism, indicating the growing interest of the Wall Street players in the crypto sector.
