Dogecoin whales have been actively accumulating more DOGE coins as the price of the memecoin has dipped 5% in the last 24 hours. According to on-chain data from Santiment, the 1 million to 10 million coin group, which includes large holders of Dogecoin, has increased their holdings. In the past day alone, these investors have added over 60 million DOGE to their wallets, totaling around $7.1 million. This indicates that the whales are taking advantage of the price dip and are optimistic about the future profitability of Dogecoin. However, it is important to monitor the situation as the actions of these large investors can quickly change and potentially lead to a bearish outcome. Currently, the price of Dogecoin stands at $0.119, showing a retracement from its recent surge.
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Dogecoin Whales Fill Up Bags As DOGE Price Dips 5%
