Dogecoin Sees Big-Money Interest: Whales Load Up On 160M DOGE

On-chain data shows the Dogecoin whale supply has noted an uptick recently, a sign that big-money accumulation interest in the memecoin has gone up.

Dogecoin Whales Have Bought 160 Million DOGE In Just 96 Hours

As highlighted by analyst Ali Martinez in an X post, the Dogecoin whales have participated in net buying recently. “Whales” here refer to the large investors of the cryptocurrency holding a significant number of tokens in their wallet balance.

Thanks to their large holdings, this cohort can carry some degree of influence in the market. As such, its behavior can often be worth keeping an eye on. Even if it may not directly impact the asset’s price, it can still contain hints about the sentiment among these humongous entities.

Now, here is the chart shared by Martinez that shows the recent trend in the supply of the Dogecoin whales:

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