Strong whale buying could be powering Dogecoin (CRYPTO: DOGE) as the memecoin rallied over 9% in a week.
Whale Accumulation Alongside DOGE’s Rally
Widely followed cryptocurrency analyst Ali Martinez highlighted in an X post late Sunday that as many as 470 million DOGE tokens were snapped up by large investors over the last 72 hours. The accumulation totaled roughly $45 million at prevailing prices.
Big Moves In Spot ETFs, Derivatives
Exchange-traded funds echoed the bullish trend, with the Grayscale Dogecoin Trust ETF (NYSE:GDOG), 21Shares Dogecoin ETF (NASDAQ:TDOG), and …