DOGE Whales Spark Optimism with $23 Billion in Transactions
Data from IntoTheBlock reveals that Dogecoin transactions exceeding $100,000 reached a cumulative value of over $23 billion. This activity includes inter-wallet transfers, sales, and movements between exchanges, indicating heightened confidence among major investors.
Prominent analyst Ali Martinez highlighted that these whales have collectively purchased over 1.08 billion DOGE tokens, suggesting they are positioning themselves ahead of a potential rally. Whales' active participation bolsters liquidity in the ecosystem, often serving as a precursor to price surges.