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Dogecoin whales continue to accumulate in anticipation of price increase.
According to the famous Crypto Analyst, Dogecoin (DOGE) whales bought 210 million DOGE during the recent price correction. This move shows that major investors see correction periods as accumulation opportunities.
The data shows that Dogecoin whales (addresses holding balances between 10 million and 100 million DOGE) have increased their purchases, indicating that the market is supported by this segment despite the price drop. Such accumulation movements by whales are generally considered a long-term confidence signal in the market.
Dogecoin's current price movements and strategic purchases by whales are creating a dynamic that needs to be carefully monitored by investors. This accumulation could indicate potential recovery for the market after short-term corrections.
With a market value of 60 billion dollars, Dogecoin stands out as the largest meme coin in the market. According to CoinGecko data, DOGE, which has a daily trading volume of 7.2 billion dollars, has provided a return of 327 percent in one year.
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