In the past 24 hours, Dogecoin whales have accumulated more than 1 billion DOGE, valuing approximately $108 million. This development has been noted by market analysts as one of the largest buy-ups in recent months.
The whale purchases happened amidst a downturn in the overall cryptocurrency market, suggesting that these investors might be betting on an upcoming rally.
This significant acquisition by the whales indicates a potential positive shift for Dogecoin, sparking hopes of a rally even in a sluggish market.