Dogecoin Whales Accumulate Billions in Recent Days, Fueling Price Surge

Dogecoin (DOGE) has seen a surge in activity from large investors, with whales accumulating over 600 million DOGE coins within the past 48 hours. This accumulation coincides with Bitcoin’s recent price rally, which has pushed the cryptocurrency above $100,000 for the first time since January. DOGE’s price response has been significant, rising approximately 35% over the past week. Analyzing on-chain data, prominent analyst Ali Martinez reveals that these large purchases have happened alongside Bitcoin’s renewed vigor in the bull market. This surge in both markets may be contributing to a larger trend of buying activity in the cryptocurrency world.