The biggest meme coin has caught the recent green wave sweeping through the cryptocurrency market, with its price rising to a 10-day high.
Whales are waking up, too, hinting that the real rally might only be starting.
Further Gains Ahead?
The cryptocurrency sector, especially the meme coin niche, has registered a substantial uptick over the past 24 hours. The undisturbed leader, Dogecoin (DOGE), soared by 6% daily, while its market capitalization once again surpassed $15 billion.
Given the whales’ recent accumulation, the OG meme coin could be poised for an additional increase. The renowned analyst Ali Martinez revealed that this cohort of investors has acquired 470 million DOGE in the past 72 hours. The stash is worth roughly $47 million (calculated at current rates).
Following the latest buying spree, the whales boosted their total possessions to almost 36 billion coins, representing 23.5% of Dogecoin’s circulating supply.
Such accumulation is typically considered bullish for the
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