According to BlockBeats, on October 7, IntoTheBlock disclosed that Dogecoin (DOGE) whales accumulated a total of 2.31 billion DOGE tokens last week, equivalent to approximately $231 million. This marks the highest level of accumulation since January this year.

This significant accumulation may indicate a rising interest in DOGE among investors. Such large-scale accumulation is often viewed as a signal for potential price increases.