Whale Buying Frenzy and Record Inflows Fuel DOGE Breakout Speculation

The Dogecoin spot ETFs have experienced an uptick in activity, reaching a new all-time high in weekly net inflows. Despite this, they still attract significantly less attention than other crypto ETFs.

The past week saw nearly $2.90 million in net inflows, bringing the cumulative total to an ATH of $15.27 million. This number remains relatively insignificant compared to other digital assets.

Dogecoin whales have also been on an accumulation spree, purchasing over 1.14 billion tokens worth $112 million at current prices over the past 96 hours alone. Analyst Ali Martinez suggests that these large market participants are positioning for a bullish breakout.