Dogecoin has been navigating a period of choppy price action, with little opportunity for strategic buys and no decisive breakouts to guide traders. Despite this uncertainty, key data from Santiment provides a glimmer of hope for Dogecoin enthusiasts. Over the weekend, Dogecoin whales accumulated an additional 160 million DOGE, signaling potential confidence in the meme coin leader’s upward trajectory.
This renewed whale activity comes when Dogecoin attempts to regain momentum and reestablish its market position. Such large-scale accumulation often precedes significant price movements, suggesting the possibility of further upside in the coming weeks.