Dogecoin Explodes 22% as Whales Accumulate $220M in Single Day DOGE Buying Spree
Main Idea
Dogecoin (DOGE) has surged 22% as whales accumulate $220 million worth of the cryptocurrency, signaling strong bullish sentiment and potential for further price increases.
Key Points
1. Dogecoin whales purchased one billion DOGE tokens, valued at $220 million, within a 24-hour period on August 6.
2. DOGE's price has increased by 22.4% over the past seven days, making it the second-highest gainer behind Ethereum (ETH).
3. At the time of reporting, DOGE was trading at $0.24, showing a bullish trend.
4. The accumulation by whales suggests confidence in a potential rally to new price levels.
Description
Dogecoin (DOGE) whales are up and actively positioning the leading memecoin for a possible rally to new price levels.
$DOGE
$0.23716
+6.05%
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