DOGE Whales Pile Up Nearly 240 Million Units as Market Sees Turning Point

Despite performing poorly over the past seven days, Dogecoin (DOGE) whales have been buying up the meme coin at lower price levels. This has led to a significant accumulation of DOGE, with over 240 million units purchased by large investors in just one week.

The total value of this stash is approximately $20 million, and these market participants now control nearly 12% of Dogecoin's circulating supply.

Analysts believe that DOGE may have reached a critical turning point, with some expecting a major rally ahead. The Relative Strength Index (RSI) has fallen to the extreme oversold territory of 9, indicating a potential buying opportunity.