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Dogecoin Whales Stack Up 1.4 Billion Coins As Veteran Trader Eyes Blistering DOGE Rally

Dogecoin Whales Stack Up 1.4 Billion Coins As Veteran Trader Eyes Blistering DOGE Rally
Dogecoin (DOGE) whales have recently made a significant purchase of 1.4 billion DOGE tokens, worth around $140 million. This suggests increased institutional or deep-pocketed investor interest in the meme-inspired cryptocurrency, potentially boosting its liquidity. Additionally, chart expert Peter Brandt has identified a technical pattern indicating a potential breakout for Dogecoin, as the crypto has been trading in a descending channel for the past six months. A break in this pattern could signal a long-term trend change from bearish to bullish. As the broader cryptocurrency market recovers, Dogecoin has seen an 18.5% growth over the past week.

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