Dogecoin whales frantically acquire 3 billion DOGE in 24 hours

According to on-chain data from IntoTheBlock, the amount of Dogecoin (DOGE) that has flowed into the wallets of large investors (those holding no less than 0.1% of the circulating supply) in the past 24 hours totaled 2.96 billion DOGE. In contrast, in the previous 24 hours, this amount was only 563.83 million DOGE. This is an increase of 425.65% in just one day, or 2.396 billion DOGE. But this 24 hours is really extraordinary, as the price of the mainstream meme cryptocurrency rose 29.69% at its peak yesterday.

Interestingly, the amount of outflow from the same wallets has also increased, with a total outflow of 2.15 billion DOGE throughout the day. However, the outflow on the previous day was 1.42 billion DOGE, which means that the outflow has increased by 51.4%, or 730 million DOGE.

This also means that while outflows increased and were higher than the day before, the amount of Dogecoin flowing into large holders' wallets was still much higher and the craze was stronger.

As a result, the net flow reached 811.45 million DOGE, in stark contrast to -856.14 million DOGE the day before. Despite the increased selling pressure, this wave of accumulation reflects the continued interest in Dogecoin, with whale wallets adding 2.96 billion Dogecoin in just one day. This shows that Dogecoin whales are on a net accumulation trend, which means full confidence in Dogecoin's short-term performance. The significant increase in whale activity makes Dogecoin the first choice for large holders in the cryptocurrency field in the current market environment. $DOGE