DOGE Whales Accumulate Millions Amid Price Decline

Despite a 4% decline in price to $0.079 due to selling pressure across the crypto market, Dogecoin (DOGE) whales have been accumulating millions of tokens.

According to Santiment data, whale addresses purchased 240 million DOGE between September 9 and September 14, growing their total holdings to nearly 19 billion DOGE, approximately 12.18% of the total supply.

Analyst Ali Martinez notes that a strong support zone exists at $0.0813, where 35 billion DOGE previously changed hands.

If this level holds, Martinez predicts 'the bullish setup remains intact, with $0.1552 and $0.1774 as the next upside targets.'