Dogecoin

<ul class="news-points"> 
 <li><strong>Dogecoin whales have bought 200 million DOGE since May 30, despite the price falling from $0.16 to $0.15.</strong></li> 
 <li><strong>Analyst Ali Martinez cites a 47% price correction and anticipates a potential DOGE bull run.</strong></li> 
 <li><strong>Elon Musk’s comments may have influenced whale activity, with significant DOGE accumulations stirring market speculation.</strong></li> 
</ul> 
<p>Crypto analyst Ali Martinez alerted market participants to significant whale transactions over the past seven days. In a recent X post, Martinez revealed that Dogecoin whales have bought an additional 200 million Doge since May 30.</p> 
<p>The analyst used insights from Santiment, an on-chain analytics platform focusing on market and whale data, to explain the whale activity. He posted a Santiment chart displaying Dogecoin’s price trend and volume movement.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Dogecoin</a> whales have bought an additional 200 million <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$DOGE</a> since May 30! <a href="https://t.co/gjeoGWMM4R" target="_blank" rel="nofollow">pic.twitter.com/gjeoGWMM4R</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1797903639346081913?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">June 4, 2024</a>
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<p>According to the chart, Doge’s price dropped over the past seven days despite higher transaction volume. DOGE’s accumulated volume rose from 30.17B to 31.16B, while its price fell from $0.16 to $0.15 over the same period.</p> 
<p>Further details from <a href="https://www.tradingview.com/chart/?symbol=COINBASE%3ADOGEUSD" target="_blank">TradingView</a> …</p>
<p>The post <a href="https://coinedition.com/market-reactions-to-dogecoin-whale-accumulations-200m-doge-added/">Market Reactions to Dogecoin Whale Accumulations: 200M DOGE Added</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Market Reactions to Dogecoin Whale Accumulations: 200M DOGE Added

Coin Edition

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