Dogecoin

bullish

Read

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Over the past 24 hours,<a href="https://u.today/dogecoin-shiba-inu-and-even-cardano-can-rally-in-2025-heres-why" rel="noopener noreferrer nofollow">Dogecoin (DOGE)</a> has seen a huge increase in on-chain activity, which suggests that the major players on the market are feeling bullish about the big meme coin.
Thus, IntoTheBlock's Whale Netflow metric<a href="https://app.intotheblock.com/coin/DOGE/deep-dive?group=ownership&amp;chart=all" rel="noopener noreferrer nofollow">shows</a> that a lot of DOGE is moving into the wallets of big holders, as it went from 45.3 million DOGE to 431.3 million DOGE, which is a 957% increase over the period under consideration.
This proves how many large investors - those with more than 0.1% of the DOGE supply in circulation - are accumulating the popular meme cryptocurrency, which is usually a good sign for the price. <img src="https://u.today/sites/default/files/inline-images/dogeusdt_8.png" data-entity-uuid="269ff31f-34bf-474a-9c73-f319aff3c688" data-entity-type="file" alt="&quot;&quot;" data-caption="Source: <a href=&quot;https://app.intotheblock.com/coin/DOGE/deep-dive?group=ownership&amp;amp;chart=all&quot;>IntoTheBlock</a>">
It is not uncommon to see such spikes in net inflows at market lows, as it suggests that whales are actively acquiring more Dogecoin during price dips, which could signal further upward movement.
<h2 dir="ltr" id="more-details">More details</h2>
Another sign that things are looking bullish is that 620.84 million DOGE were recently added to the wallets of major holders. While Dogecoin also left these wallets - going from 56.85 million to 189.54 million<a href="https://u.today/shiba-inu-shib-stuns-dogecoin-with-triple-digit-whale-transaction-boost" rel="noopener noreferrer nofollow">DOGE</a> - net accumulation is still positive, showing that large investors are still buying.
It looks like some big players on the market think<a href="https://u.today/dogecoin-rockets-as-doge-price-secures-golden-cross" rel="noopener noreferrer nofollow">Dogecoin</a> is on the rise. The recent increase in net inflows, along with steady whale accumulation, shows that more and more people are confident that DOGE will continue to rise as it already adds 10% over the course of today's trading session. <a href="https://u.today/whale-activity-boosts-dogecoin-doge-by-957-in-key-bull-metric" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

Whale Activity Boosts Dogecoin (DOGE) by 957% in Key Bull Metric

Table of Contents

U_Today

Other articles published on Nov 5, 2024

Binance Challenges SEC, Files Motion to Dismiss Amended Crypto Lawsuit

Binance CEO Richard Teng: The West Will Still Dominate Finance

FTX's Nishad Singh Avoids Prison: Cooperation Earns Leniency Amid Crypto Collapse Fallout

Will Mt. Gox’s Recent Actions Trigger Another Bitcoin Market Crash?

Toncoin Eyes a 40% Surge: Can Whales Influence TON’s Price Jump?

Hong Kong Expands Tax Incentives to Include Virtual Assets, Targeting Institutional Investors

Join our free newsletter for daily crypto updates!