According to on-chain data, Dogecoin whales have been accumulating the cryptocurrency, indicating a potentially bullish sign for its price. The supply distribution of Dogecoin whales, which are holders with holdings between 10 million and 1 billion DOGE, shows a trend of selling in December followed by a recent surge in accumulation. These whales have purchased $1.08 billion worth of coins, leading to a recovery rally in Dogecoin's value. The future trajectory of the cryptocurrency's price will depend on whether the whales continue to support the rally or take quick profits.



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