CandleFocus Dogecoin Whales Buy 899% More DOGE Amid Meme Coin Price Increase
2024-10-18
Author: Content Editor
Over the past 24 hours, there has been a significant increase in the net inflows of Dogecoin into wallets holding at least 0.1% of the supply in circulation, with a rise of 899%. This has resulted in Dogecoin whales accumulating 527.3 million coins, equivalent to around $63 million. While both inflows and outflows have increased, the inflows have exceeded the outflows. This bullish activity by Dogecoin whales aligns with the price of the cryptocurrency, which has risen by almost 20% since the beginning of the week. The increase in net inflows into whales' wallets corresponds to the positive price performance of Dogecoin.
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