According to market intelligence company Santiment, massive stacks of the most popular joke cryptocurrency are currently being devoured by Dogecoin whales, or addresses holding more than 10,000,000 DOGE. According to Santiment Feed data, addresses owning 10 million or more DOGE have amassed 1.47 billion coins since the start of the year, totaling $123.1 million. After overcoming its diagonal barrier on the lower timeframe, DOGE may be preparing for a significant increase, according to well-known cryptocurrency analyst Kaleo. Dogecoin’s price at the time of writing is $0.095, indicating an upside potential of around 57%.
Dogecoin Whales Accumulate 1,470,000,000 DOGE in Three Months As Top Memecoin Shows Decoupling Signs: Santiment