Whales have amassed almost 1 billion Dogecoin (CRYPTO: DOGE) within a span of 48 hours.
What Happened: Cryptocurrency trader and analyst Ali Martinez shared data on X indicating a substantial upswing in Dogecoin purchases. This buying frenzy was triggered by Musk’s recent remarks concerning the potential future slump of cryptocurrency prices.
The data shared by Martinez unveiled that Dogecoin whales have swiftly purchased over 470 million DOGE in the past two days. This surge in buying activity was concurrent with a 20% plunge in the price of Dogecoin, from $0.39620 to a low of $0.31648.
Whales bought over 470 million #Dogecoin $DOGE in the last 48 hours! pic.twitter.com/d7oPvnfB6o
— Ali (@ali_charts) January 10, 2025
Full story available on Benzinga.com
