Dogecoin Whales Record Largest Accumulation Week Since January With 2.10 Billion Tokens Bought

Quick Summary:

Dogecoin has achieved another historic milestone, as Dogecoin whales recorded their largest accumulation week since January 2024.Over 2.1 billion DOGE tokens were purchased during this period, underscoring the resurgence of interest and renewed confidence in the doggy-themed meme coin among prominent large-scale investors.  Dogecoin Whales Set New Accumulation Record  Over the past week, Dogecoin whales have been on a significant accumulation trend, buying more DOGE tokens than ever since the beginning of this year, when the positive sentiment surrounding meme coins was high.

The meme coins trading volume is up by 30.95% while its market cap has climbed to $22.12 billion, securing its position as the 8th largest cryptocurrency.  DOGE TD Sequential Flashes Buy Signal While Dogecoin whales are on a significant accumulation spree, crypto analyst Ali Martinez has unveiled a new technical indicator signaling a change in market sentiment.

Given the immense influence these so-called whales can have on a cryptocurrency, market experts carefully monitor their trades and movements to gauge the potential impacts on price trends and overall market dynamics.  In the case of Dogecoin, data from CoinMarketCap reveals that the price of the meme coin has increased by 6.01% over the past week.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: Dogecoin news DOGE news Dogecoin price Doge price Dogeusd Doge Dogecoin Dogeusdt

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 08:30:11 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 466 words

Reading Time: 3 minutes read

Sentences: 67 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 23427872

View Article Analysis

About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 6 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 8 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

Publisher Details

Frequently Asked Questions