Dogecoin whales acquire 600 million DOGE, analyst targets $0.1160 breakout

Dogecoin is once again in the spotlight as large investors, commonly referred to as whales, significantly increase their holdings amid technical signals pointing to a potential bullish trend reversal. Recent market activity shows that major Dogecoin holders bought 600 million DOGE, worth approximately $48 million, within a 48-hour span. The surge in whale purchases was highlighted by DogeGod, who tracked the substantial inflow of funds into Dogecoin wallets. The accumulation has generated renewed attention, with traders and analysts evaluating whether this demand could provide the momentum needed for a broader price rebound.

Source: CoinTurk News