Dogecoin (DOGE) whales have scooped up more than 1.4 billion tokens in 48 hours, worth more than $140 million worth of the cryptocurrency.

The information was provided by blockchain analytics firm Santiment and shared by cryptocurrency analyst Ali Martinez on the X platform (formerly Twitter) with over 72,000 followers.

DOGE is currently trading at $0.124, after rising more than 16% over the past week on the back of a crypto market recovery, with Bitcoin rising more than 3.4% to above $65,500

Earlier this year, Tesla and SpaceX CEO Elon Musk expressed his special affection for Dogecoin

The Dogecoin (DOGE) market has a wide range of investors, from ordinary people to celebrities like Tesla's Elon Musk. Although it entered the crypto market as a joke, the asset has turned lives around.