BEAMSTART Logo

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

NewsBTC LogoNewsBTC2w ago

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

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

Dogecoin Whales Record Largest Accumulation Week Since January With 2.10 Billion Tokens Bought - NewsBTC (Picture 1)

or

Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 08:30:11 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 466 words

Reading Time: 3 minutes read

Sentences: 66 lines

Sentence Length: 8 words per sentence (average)

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

Copyright Owner: © NewsBTC

News ID: 23427872

View Article Analysis

About NewsBTC

NewsBTC Logo

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 5 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 12 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

How long will it take to read this news story?

The story "Dogecoin Whales Record Largest Accumulation Week Since January With 2.10 Billion Tokens Bought" has 466 words across 66 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Which news outlet covered this story?

The story "Dogecoin Whales Record Largest Accumulation Week Since January With 2.10 Billion Tokens Bought" was covered 2 weeks ago by NewsBTC, a news publisher based in United Kingdom.

How trustworthy is 'NewsBTC' news outlet?

NewsBTC is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.

The outlet is headquartered in United Kingdom and publishes an average of 5 news stories per day.

It's most recent story was published 12 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #23427872
  • URL: https://beamstart.com/news/dogecoin-whales-record-largest-accumulation-173079

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

© Copyright 2024 BEAMSTART. All Rights Reserved.