Crypto Whales Suddenly Gobble Up $112,000,000 Worth of Dogecoin Amid Bearish DOGE Sentiment: Analyst
A crypto analyst says whales have abruptly gathered tens of tens of millions of {dollars} price of Dogecoin (DOGE) in only a matter of days.
Crypto strategist Ali Martinez tells his 63,100 followers on the social media platform X that deep-pocketed buyers have snapped up 700 million DOGE price $112 million in simply 72 hours.
Utilizing information from analytics platform Santiment, Martinez says that the sudden DOGE accumulation of whales comes as sentiment for the main memecoin has dropped near 2024 lows.
“Market sentiment for Dogecoin is as bearish as it was in early February, just before DOGE skyrocketed by 200%!”
Dogecoin ignited a giant surge in February when it rallied from $0.077 on the primary day of the month to $0.228 on March twenty eighth. At time of writing, DOGE is price $0.159.
Dogecoin rival Shiba Inu, Martinez says that crypto exchanges are instantly witnessing an enormous inflow of SHIB.
“Shiba Inu: over four trillion SHIB have been sent to crypto exchanges in the last two weeks, worth around $103 million!”
At time of writing, SHIB is buying and selling at $0.000025.
Turning to the highest sensible contract platform Ethereum, the crypto strategist says that the quantity of mega whale ETH wallets is on the up and up.
“There’s been a notable increase in Ethereum addresses holding 10,000+ ETH, indicating a shift from distribution to accumulation!”
At time of writing, ETH is price $3,790.
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