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**Dogecoin Whales Are Back In The Market: How Much DOGE Have They Bought Since?**
In a shocking turn of events, the crypto market has witnessed an influx of whale activity in Dogecoin (DOGE), as massive transactions exceeding $13 million have been recorded. According to recent reports, these whales have scooped up over 80 million DOGE, sparking renewed optimism among traders and investors.
As it stands, this surge in large-scale buying suggests growing confidence within the community regarding DOGE’s potential for a price recovery. The sheer volume of transactions also underscores the significant influence that whales can exert on market sentiment.
Further supporting this outlook is an analysis from Trader Tardigrade, who revealed that approximately 72.13% of long-term Dogecoin traders are currently holding long positions. This metric provides a clear indication of widespread conviction in DOGE’s potential to rally, particularly if broader market conditions begin to stabilize.
The combination of these factors has led many analysts to suggest the possibility of a higher pump for DOGE, as the meme coin gears up to challenge its downtrend and rebound.
With the whale activity being so substantial, it raises an essential question: what are the implications of this buying spree?
Source: https://bitcoinist.com/dogecoin-whales-are-back/
