🔥Hot off the press! The Dogecoin (DOGE) landscape is changing! 🐕💰

According to a recent analysis by IntoTheBlock, the biggest DOGE whales 🐳 (those holding more than 0.1% of the total supply) have been trimming their holdings. Their collective share has shrunk from 45.3% to 41.3%. This suggests a redistribution of the original meme coin, with retail and mid-sized investors now holding a larger slice of the pie. 🥧

This shift aligns with an uptick in the supply held by entities with balances between 100 million and 1 billion DOGE. This trend confirms that Dogecoin sold or redistributed by the largest whales is being scooped up by mid-sized holders. 🔄

But wait, there's more! Despite a recent 20% price drop, DOGE could be set for a boost. How? The potential launch of spot Dogecoin ETFs could be the answer. 🚀

BitMEX co-founder Arthur Hayes believes that Dogecoin could secure an ETF by the end of this cycle. He cited Dogecoin's growth and its status as the oldest meme coin as key competitive advantages. 🏆

So, keep your eyes peeled, folks! The DOGE game is changing, and it's more exciting than ever! 🎉