Dogecoin Whales Accumulate $18 Million in Coins This Week

Edited by: Yuliya Shumai

On-chain data reveals that Dogecoin whales have accumulated approximately 100 million DOGE, worth $18 million, over the past week. This accumulation by holders of 1 million to 10 million coins suggests a bullish outlook for Dogecoin. The buying spree reverses a previous selloff that coincided with a price rally, indicating potential profit-taking followed by renewed confidence. Dogecoin's price is currently trading around $0.180, recovering from a dip below $0.167 yesterday.

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