Dogecoin price surges 16%, whales hoard 60 million in 24 hours.
As large investors bought more than $60 million of Dogecoin (DOGE), its price rose sharply by 16%, indicating that it could hit a high of $0.15 to $0.2 in the short to medium term.
Key observations:
Dogecoin price rose nearly 16%, outperforming other major cryptocurrencies.
Despite market volatility, whale investors spent more than $60 million on Dogecoin in one day.
The number of whale investors holding 1 million to 10 million Dogecoins reached an all-time high this year.
In contrast, small investors (retail investors) have gradually reduced their holdings throughout the year.
This trend shows that Dogecoin has a high probability of reaching a price range of $0.15 to $0.2 in the short to medium term.
