Whales Scoop Up 270 Million DOGE Amid Price Drop
The recent Dogecoin price dip might have caused significant liquidations, but it’s proving to be a buying opportunity for whales. These high-net-worth investors are seizing the chance to accumulate DOGE at discounted rates, with a staggering 270 million DOGE purchased in the last five days alone.
Dogecoin whales had acquired 270 million DOGE during the decline. This trend is part of a larger accumulation phase across the meme coin network, with whales continuing to add to their holdings since November.
Just a few days earlier, on December 21, whales had purchased 250 million DOGE during the slump, capitalizing on lower prices as a strategic entry point. This behavior aligns with a common tactic among large-scale investors—buying in during market dips to maximize long-term returns.
At Dogecoin’s current price of $0.33, the recent 270 million DOGE purchase is worth an estimated $89 million, signaling strong confidence in the coin’s future.
DOGE Price Predictions: Could $5 Be Next?
Crypto expert Trader Tardigrade has identified a repeating price pattern for Dogecoin that could indicate a massive rally ahead. His analysis highlights rounded consolidation phases followed by sharp bullish moves, suggesting that if the pattern holds, Dogecoin could soar to $5 in the near future.
As whales continue accumulating and optimism grows, DOGE remains a key player to watch. Are we gearing up for another historic breakout?
