Coinspeaker Largest Dogecoin Holder Adds 1.58M DOGE as Analyst Targets $10
Given 3x returns in the last three months, the Dogecoin rally starts in December on a minor pullback note. Between September and November, DOGE price DOGE $0.42 24h volatility: 0.9% Market cap: $61.99 B Vol. 24h: $14.76 B surged from $0.10 to the 52-week high of $0.48078, marking a 374% rise.
Amid the pullback, the whales remain bullish on the biggest meme coin, Dogecoin, which has a market cap of $60B. As the seventh biggest crypto in the market, the Dogecoin price trend dictates the overall meme coin segment.
The Largest Whale Doubles Up on Dogecoin
Recently, in a tweet shared by SpotOnChain, theunipcs.eth, the largest holder of Dogecoin, added more DOGE to his collection. Despite the short-term pullback in the market, being one of the strongest believers in Dogecoin, the whale spent 121 Ethereum tokens ETH $3 648 24h volatility: 1.8% Market cap: $438.46 B Vol. 24h: $42.76 B worth $449,000 to buy DOGE.
In exchange for his Ethereum, the whale got 1.58 million DOGE. This brings his Dogecoin collection to 36.64 million tokens worth $10.55 million.
Currently, the whale holds nearly 3.66% of the maximum supply. Further, theunipcs.eth has an unrealized profit of $9.12 million. Impressively, the whale has made a massive return of 637% in Dogecoin.
Apart from Dogecoin, the whale is extremely fond of meme tokens. It holds 14.657 billion FLOKI tokens FLOKI $0.00023 24h volatility: 7.7% Market cap: $2.18 B Vol. 24h: $768.63 M worth $3.32 million. In Floki, the whale has a profit of $882,000 and a return of 36.3%.
The whale also holds 66.11 billion Simon’s Cat tokens worth $2.76 million. In this, the whale has a profit of $2.03 million with a surge of 278%.
Coming to the Political meme coins of the whale’s holding, the 6.273 billion MAGA tokens [NC] worth $404,000 have marked a profit of $347,000. This marks an impressive return of 608%.
Finally, the whale holds 14.6 million $TOKEN tokens worth $1.04 million. In this token, the whale has the least profit of $50.8k and a minor return of 4.86%.
Based on the other positive, impressive holdings with massive returns, the question arises: Will the $TOKEN token continue to rally in the coming months?
Dogecoin Rally Extension
In a recent analysis shared by Trader Tardigrade over X, the Dogecoin bullish cycle breaking above its all-time high level will result in an explosive bull run. The analysis is based on the previous all-time high breakout of 2018.
Surpassing this mark in 2021, Dogecoin presented a new all-time high with a rounding bottom breakout. Dogecoin is presenting a similar rally, ready to break above its current all-time high.
Based on the historical price movement, a similar price trend will likely mark the next profit-taking zone between $10 and $30.
$42.91M Worth of Dogecoin Supply to Hit the Market
According to the Tokenomist, a large linear unlocking of more than $40 million will come for Dogecoin in the next 7 days. Between the 2nd and 9th of December, 94.47 million tokens, worth $42.91 million, will be unlocked.
Further, it accounts for 0.06% of the circulating supply. Hence, a significantly large supply could likely hit the markets, resulting in an extended pullback as Dogecoin and other meme coins are on icy ground.
next
Largest Dogecoin Holder Adds 1.58M DOGE as Analyst Targets $10
