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Dogecoin Whales Turn On Buying Mode, Scoop Up 100 Million DOGE

  • Dogecoin whales have been accumulating a significant amount of DOGE over the past week, indicating a potentially bullish trend.
  • Large investors in the 1 million to 10 million coins range have purchased about 100 million DOGE ($18 million) in the recent accumulation spree.
  • The initial drop in supply held by this group coincided with a price rally, suggesting profit-taking, but they have since replenished their wallets as DOGE's surge slowed down.
  • The buying activity by these Dogecoin whales can be seen as a positive indicator for DOGE's price, although monitoring the Supply Distribution for any potential shifts in sentiment is advised.

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