2024

Million

Dogecoin

<p>The post <a href="https://coinpedia.org/news/dogecoin-whales-amass-276-million-is-0-01-just-the-beginning/">DOGE Price Soars 7% as Dogecoin Whales Accumulate 276 Million</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p><a href="https://coinpedia.org/price-prediction/dogecoin-price-analysis/">Dogecoin</a> has quickly become the talk of the town in the crypto world. </p> 
<p>Whales in <a href="https://coinpedia.org/news/robinhood-boosts-shiba-inu-holdings-as-whales-accumulation-surge/">Robinhood</a> recently orchestrated two massive transactions, accumulating a whopping 276.21 million DOGE, valued at an eye-popping $26.4 million. This sudden surge has not only captured the crypto community’s interest but has also sparked positive market sentiments.</p> 
<p>Read more about these developments below.</p> 
<h2 class="wp-block-heading" id="h-whales-make-a-splash">Whales Make a Splash</h2> 
<p>In a recent tweet post, The blockchain tracking platform Whale Alert provided data revealing two substantial transactions responsible for accumulating the noteworthy 276.21 million DOGE amounting to $26.4 million from Robinhood.&nbsp;</p> 
<p>The first part of this whale tale involves an address labeled DEPewG…gWMAtU, responsible for accumulating an impressive 172.89 million DOGE, valued at $16.59 million.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> 172,893,653 <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw">#DOGE</a> (16,598,604 USD) transferred from <a href="https://twitter.com/hashtag/Robinhood?src=hash&amp;ref_src=twsrc%5Etfw">#Robinhood</a> to unknown wallet<a href="https://t.co/wYmSYwef4q">https://t.co/wYmSYwef4q</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1762534054757314628?ref_src=twsrc%5Etfw">February 27, 2024</a>
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<p>Simultaneously, the second transaction, linked to the address DGG1Ght6LB…pcSXme8X5S, added 103.32 million DOGE, contributing $9.87 million to the growing pool.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> 103,327,256 <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw">#DOGE</a> (9,878,200 USD) transferred from <a href="https://twitter.com/hashtag/Robinhood?src=hash&amp;ref_src=twsrc%5Etfw">#Robinhood</a> to unknown wallet<a href="https://t.co/BlaQkWgGRa">https://t.co/BlaQkWgGRa</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1762537053848281561?ref_src=twsrc%5Etfw">February 27, 2024</a>
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<p>These sizable accumulations aren’t just for show; they can influence market sentiment by reducing Dogecoin’s supply, potentially boosting its prices. This surge indicates a bullish sentiment for Dogecoin, breaking free from a period of relatively subdued performance and injecting new life into its market dynamics.</p> 
<p>Also Read: <a href="https://coinpedia.org/price-analysis/top-5-altcoins-in-robinhoods-crypto-portfolio/">Can Robinhood’s Support Save SHIB’s Price? Here’s the Verdict</a></p> 
<h2 class="wp-block-heading" id="h-doge-s-market-analysis">DOGE’s Market Analysis</h2> 
<p>In the last 24 hours, Dogecoin’s price has soared by an impressive 7.28%, reaching a current value of <a href="https://markets.coinpedia.org/dogecoin/">$0.09971.</a> Additionally, the meme coin’s market cap and 24-hour trading volume have seen substantial increases of 7.71% and 146.81%, respectively.</p> 
<p>Insights from Coinglass shed light on a 15.06% surge in DOGE’s open interest and a remarkable 191.73% rise in trading volume. These indicators not only suggest an influx of new funds but also point to heightened market activity.</p> 
<p>In conclusion, Dogecoin’s recent surge, fueled by whale accumulations and marked by bullish indicators, promises an exciting chapter in the crypto world.</p> 
<p>Read More: <a href="https://coinpedia.org/top-10/top-meme-coins-to-buy-before-ethereum-etf-approval/">Top Memecoins to Buy Before Ethereum ETF Approval</a></p>

DOGE Price Soars 7% as Dogecoin Whales Accumulate 276 Million

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