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Dogecoin Rally: 74,000 New Wallets Boost DOGE While Whales Retreat

  • Dogecoin (DOGE) has continued its bullish rally, surpassing the $0.4 level for the first time since June 2021.
  • Increased activities from retail players are driving the ongoing DOGE rally, with over 74,000 new wallets holding less than 100,000 DOGE discovered in the past four weeks.
  • Whale investors have retreated from their investments, with a net drop of -350 in the past four weeks, but 108 whale accounts have returned recently.
  • Speculation around Elon Musk's potential role in the Donald Trump administration and the possibility of a US DOGE Exchange-Traded Fund (ETF) approval have contributed to the surge in Dogecoin's price.

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