news 
DOGE Price Hits $0.42 Monthly High as Dogecoin Whales Pile in
Dogecoin (DOGE) has achieved a remarkable milestone, surging to its highest price point this month at $0.42. This sudden and significant increase is largely attributed to the accumulation spree initiated by large investors known as whales.
In just 48 hours, these whales have purchased an impressive 200 million DOGE tokens, resulting in increased demand and driving the market value upward. The data shared by Ali Martinez illustrates this dramatic shift, further solidifying the connection between whale activity and price growth.
It is essential to note that DOGE’s price tumbled drastically at the end of 2024, dropping from approximately $0.4 to a mere $0.26 within a short period. Since then, however, it has consistently risen and maintained its support at the $0.3 level during the latest market correction in early January.
The sudden turn of events is particularly notable as DOGE bounced back aggressively after reaching $0.38 on Thursday, marking a significant increase from the previous day’s close.
Source: cryptopotato.com
