Dogecoin Surges: Whale Purchases Fuel Short-Term Gains

Recent data reveals a surge in Dogecoin’s price, climbing nearly 14% over the past month and exceeding an impressive 130% year-over-year growth. Despite a brief 3% increase in the last 24 hours, there is debate about whether this upward trend will continue. 84% of all transactions happen with whales, which are major investors holding large amounts of Dogecoin. These high-balance investors have been buying during recent price dips, displaying strong confidence in the project’s future.