Dogecoin Whales Add $119M Worth of DOGE Despite Bearish Price Action

Dogecoin's price continues to trade below $0.07, but major investors are adding to their holdings.

Data shows that over 1.7 billion DOGE have been accumulated in recent transactions, valued at about $119 million.

This move comes despite a decline of 1.41% in the cryptocurrency's price over the past day, with Dogecoin currently trading at $0.06905.

The increase in whale accumulation suggests confidence from large holders in Dogecoin's long-term prospects, but the technical outlook remains bearish.