CandleFocus Whale Activity Boosts Dogecoin (DOGE) by 957% in Key Bull Metric
2024-11-05
Author: Content Editor
Dogecoin (DOGE) has experienced a significant increase in on-chain activity in the past 24 hours, indicating that major market players are feeling bullish about the popular meme coin. Large investors are accumulating DOGE, as evident from the significant increase in DOGE moving into the wallets of big holders. This accumulation by whales is typically a positive sign for the price. The recent spike in net inflows suggests that whales are actively acquiring more Dogecoin during price dips, potentially indicating further upward movement. Additionally, a considerable amount of DOGE has been added to the wallets of major holders, demonstrating ongoing accumulation by large investors. This overall trend indicates that big players are optimistic about the future of Dogecoin, with the cryptocurrency already showing a 10% increase in today's trading session.
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