Six Dogecoin Whales Jointly Purchased A Whopping 620 Million Worth About $37.2 Million, Dogecoin Spikes By 5.13% Over the Past Week

Dogecoin is currently looking too tasty to the whales over the past week. It seems as if the investors are taking the advantage of the current low price of the coin to do massive accumulation.

Six New Whales Scoop Dogecoin

Per the prominent crypto analyst, Ali Martinez, six new whale investors have joined the Dogecoin network over the past week. These investors jointly purchased a whopping 620 million DOGE, worth around $37.2 million at the current exchange rate.

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Ali said; “Roughly six new whales have joined the network, scooping up approximately 620 million DOGE,” 

By calculation, over the past week, the number of addresses holding 100 million to 1 billion Dogecoin. Also, Martinez Ali was saying regarding an IntoTheblock chart, saying the number of addresses holding 100 million to 1 billion Dogecoin had surged 5.13% in the past week.

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“The number of addresses holding 100 million – 1 billion $DOGE has increased by 5.13% over the past week,” Martinez said.

The price of Dogecoin has been positively affected by the massive adoption of its whales. The data from Coingecko stated that Dogecoin is up 3.2% and 3.1% in the past 24 hours and seven days, respectively.

Although the slight gain is nothing compared to how many losses DOGE has suffered since it peaked at an all-time high of $0.73 last year, investors are optimistic that the token’s price will rally again.

At the moment, Dogecoin is trading at $0.06.

Dogecoin Becomes The 2nd Largest PoW As Merge Goes Live

As the Ethereum merge occurs on the 15th of September, it pave way for some changes in the crypto sphere which is the transition of Dogecoin from its 3rd position in terms of mining to the second following Bitcoin.

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Cryptolifedigital is a cryptocurrency blogger and analyst known for providing insightful analysis and commentary on the ever-changing digital currency landscape. With a keen eye for market trends and a deep understanding of blockchain technology, Cryptolifedigital helps readers navigate the complexities of the crypto world, making informed investment decisions. Whether you're a seasoned investor or just starting out, Cryptolifedigital's analysis offers valuable insights into the world of cryptocurrency.