DOGE Whales Splash Over $110 Million in Less Than Four Days
Dogecoin (DOGE) is experiencing a surge in whale activity after large investors accumulated more than $110 million worth of the meme cryptocurrency in less than four days, according to on-chain data.
The wallets holding between 10 million and 100 million DOGE increased their combined holdings by approximately 1.14 billion DOGE over the last 96 hours, with the accumulation being worth roughly $112 million at current prices.
Historically, sustained whale accumulation has been viewed as a positive signal, but such activity does not guarantee an immediate price increase and can sometimes precede extended consolidation periods.
ChatGPT outlined three possible scenarios for Dogecoin's near-term price action, with the base-case scenario seeing DOGE break above resistance before consolidating between $0.10 and $0.12, carrying a 45% probability.