Amid the ongoing market uncertainty, Dogecoin (DOGE), the popular meme coin, is poised for a massive upside rally as it has garnered widespread attention, with crypto whales strongly betting on it. Recently, a prominent crypto expert posted on X (formerly Twitter) that whales have accumulated a significant 560 million DOGE in the past week.
Crypto Whales Buy 560 Million DOGE Coins
The post on X also stressed that this significant accumulation comes after an intense sell-off, which is currently signaling growing interest from long-term holders, whales, and investors. In addition, whales and long-term holders have been consistently found accumulating the tokens.
Based on the recent price action and historical momentum, if DOGE holds above the $0.31 level, there is a strong possibility it could soar by 25% to reach the $0.415 level in the coming days.
DOGE is currently trading near $0.33 and has experienced a modest price drop of 0.25% in the past 24 hours. During the same period, its trading volume increased by 35%, indicating heightened participation from traders and investors compared to previous days.
