It's really surprising!
Someone actually spent 80 million US dollars to buy a lot of Dogecoins, a total of 250 million! This is a big deal, which shows that those rich bigwigs are very interested in Dogecoin.
Although the market has been a bit up and down recently and not very stable, these bigwigs still bought a lot, as if they were preparing for the price change of Dogecoin.
This makes everyone start to guess, do these bigwigs think that Dogecoin will rise in price, or do they just like this kind of price fluctuation and play around?
Speaking of which, when Dogecoin rose to $0.47 before, these bigwigs were very active, and everyone thought they were helping to push up the price. Even if the price has fallen to $0.31 recently, they are still buying very enthusiastically, and it seems that their enthusiasm for Dogecoin has not diminished.
The actions of these bigwigs can really affect everyone's views on Dogecoin and the flow of money in the market. They have bought so much now, do they think that Dogecoin will usher in a big rebound, or are they just optimistic about the future market?
How Dogecoin will go next depends on whether it can regain its previous momentum. The current price is hovering around $0.31, which is quite critical. If the trading volume decreases further, it is really worrying whether it can hold up.
If these big guys continue to buy, it may mean that they think Dogecoin still has a chance, but if ordinary investors don't buy it, it will be useless.
We have to keep an eye on several important signals, such as how many big guys buy and sell, and whether something called RSI changes in a positive direction. Also, if Dogecoin becomes popular on social media again, then everyone may start to speculate on it again.
However, if Dogecoin cannot break through $0.35 in one go, it may have to be prepared to hover at a low level for a long time, or fall a little more. In the next few weeks, let's see if Dogecoin can get out of the recent fluctuations and start to rise steadily!
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