50% more whales hold Dogecoin, what’s next for DOGE

Dogecoin News

50% more whales hold Dogecoin, what’s next for DOGE
Cryptocurrencies
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Dogecoin (DOGE), the largest meme coin in the crypto ecosystem noted a surge in whale wallet holdings.

Dogecoin wallet addresses with greater than 10 billion

. tokens. An increase in whale wallet holdings is a positive sign for the asset, when combined with decrease in selling pressure. Data from the Global In/Out of the Money metric shows that nearly 48% of the wallet addresses holding Dogecoin are currently sitting on unrealized losses. Typically, a wallet holder is less likely to realize a loss, reducing the selling pressure on the asset.

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