Dogecoin Whale Buying on the Rise: Can $0.070 Be Reclaimed?

Dogecoin's price has been trading below $0.070 after opening in positive territory, but growing whale holdings and rising derivatives activity could support a stronger recovery if the area is reclaimed.

The number of wallets containing between 10 million and 100 million DOGE has increased to over 12.18% of the circulating supply as of Wednesday, up from 11.86% last Saturday.

This rise in whale accumulation can reduce the volume of tokens available for sale and help absorb pressure from smaller holders, potentially providing a foundation for a more sustained price recovery.