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Here’s How Much Dogecoin Whales Purchased in March: Is DOGE Poised for a Rally?

  • Despite a 25% monthly price drop, large investors bought over $37M worth of DOGE, which suggests that they could be building their positions for potential upcoming gains.
  • Whales now own approximately 10.52 billion Dogecoin tokens, constituting roughly 7% of Dogecoin's circulating supply.
  • Elon Musk clarified that the Department of Government Efficiency (D.O.G.E.) has no plans to adopt Dogecoin, dampening hopes for a boost in its price.
  • The potential approval of a spot DOGE ETF in America remains as a catalyst that could push the Dogecoin price up in the near future.

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