Dogecoin Whales Dive In, Accumulating $112M in Just 72 Hours

Crypto whales have made a significant move in the market by purchasing $112 million worth of Dogecoin within just 72 hours. This sudden accumulation comes at a time when Dogecoin sentiment has hit a 2024 low, according to data from Santiment.

The analyst Ali Martinez highlighted this trend using data from Santiment, noting the increase in whale activity. Earlier in February, similar bearish sentiment preceded a 200% surge in DOGE's price.

The current price of Dogecoin is $0.159. Meanwhile, Shiba Inu sees over four trillion SHIB, worth around $103 million, moving to exchanges, indicating significant market shifts. Ethereum also experiences increased accumulation by large holders.