๐ฅ ๐๐จ๐ ๐๐๐จ๐ข๐ง ๐๐ก๐๐ฅ๐๐ฌ ๐๐จ๐ฏ๐ $๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐๐๐ ๐ข๐ง ๐๐ ๐๐จ๐ฎ๐ซ๐ฌ, ๐ ๐ฎ๐๐ฅ๐ข๐ง๐ ๐๐ซ๐ข๐๐ ๐๐๐๐จ๐ฏ๐๐ซ๐ฒ ๐
Dogecoin ($DOGE ) whales have stirred significant activity in the past 24 hours, executing large-scale transactions that have reignited market momentum. These massive movements have not only boosted DOGEโs price but also captured the attention of investors eager to leverage the meme coinโs resurgence. The increased whale participation has sparked optimism across the ecosystem as traders position themselves for potential future gains.
๐ฅ According to data from IntoTheBlock, over $23 billion worth of DOGE transactions exceeding $100,000 were recorded, encompassing inter-wallet transfers, exchange activities, and direct sales. This heightened activity suggests that whales are preparing for an anticipated rally. Renowned analyst Ali Martinez highlighted that within this period, whales purchased a staggering 1.08 billion DOGE tokens, showcasing the confidence of major investors in the coinโs upward potential. Whale activity not only ensures liquidity but also paves the way for price surges, making these movements critical indicators for market sentiment.
๐ฏ Currently trading at $0.34, DOGE has experienced a modest rebound from its earlier low of $0.3351. Although still down by 0.76%, this recovery signifies a renewed attempt to regain previous momentum. Historically, January has proven to be a strong month for Dogecoin, with an average return of 83.9% over the past decade. While past performance suggests the possibility of repeating this trend, the median return for January stands at a 3.86% loss, signaling caution for traders. Whether DOGE sustains this rally or faces a brief pullback remains a pivotal question for the market in the coming days.