Dogecoin Soars to One-Month High Fueled by Whale Accumulation

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Dogecoin Soars to One-Month High Fueled by Whale Accumulation
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Dogecoin is experiencing a significant price surge, reaching its highest level in over a month. This rally is attributed to both the broader market recovery and increased activity from large Dogecoin investors (whales). Data reveals that whales have accumulated 200 million DOGE tokens in just 48 hours, driving up demand and pushing the price to nearly $0.42.

Doge coin has joined the bull party with a massive surge over the past day that has taken it to its highest price tag in over a month.Recall that the OG meme coin was hit hard during the broader market’s crash at the end of 2024, and its price tumbled from over $0.4 to $0.26 within days.and managed to defend the $0.3 support even during the latest correction that occurred at the start of the current business week.

Moreover, it bounced off in a spectacular fashion and jumped to $0.38 by Thursday. The bulls really stepped up on the gas pedal in the past several hours as they pushed its valuation to almost $0.42 for the first time since December 12. Aside from the more obvious overall market resurgance, the other highly probable reason behind this impressive rally is the awakening of DOGE whales. Data shared by Ali Martinez shows that such large investors have accumulated 200 million tokens in the span of just 48 hours, which typically results in price increases due to the growing demand.

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