Dogecoin Millionaires Accumulate Massive DOGE Supply, Impacting Price

Despite market uncertainty in crypto, notable Dogecoin investors – those holding anywhere from one million to 100 million DOGE – have taken advantage of the current market conditions to purchase a significant quantity of meme coin. Over the past 48 hours, these high-net-worth individuals purchased an estimated $71.8 million worth of DOGE, equivalent to 480,000,000 coins, according to analysts tracking on-chain data. This impressive purchase amounts to nearly 5.69% of the Dogecoin trading volume for 24 hours, suggesting a strong influence on price.