{"id":599198,"date":"2024-03-22T23:00:59","date_gmt":"2024-03-22T23:00:59","guid":{"rendered":"https:\/\/uniquehot.com\/?p=599198"},"modified":"2024-03-22T12:46:32","modified_gmt":"2024-03-22T12:46:32","slug":"dogecoin-whales-buying-spree","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-whales-buying-spree\/","title":{"rendered":"Dogecoin Whales Go On Massive Buying Spree, Here\u2019s How Much They\u2019ve Bought"},"content":{"rendered":"

Dogecoin has seen a steady rise in activity in the past two days to reverse the period of stagnancy <\/span>recorded earlier in the week<\/span><\/a>. At the time of writing, DOGE is up by 7% in the past 24 hours, reversing some of the corrections it has experienced in the past week. Turns out some Dogecoin whales have been going on a massive buying spree, as indicated by on-chain data.\u00a0<\/span><\/p>\n

Popular crypto analyst Ali Martinez highlighted this accumulation trend by tweeting that DOGE whales have bought over 25 million DOGE worth around $3.75 million in the past three days.\u00a0<\/span><\/p>\n

Crypto Analyst Reveals Dogecoin Whale Accumulation<\/h2>\n

According to the Santiment chart shared by Ali Martinez on social media, wallets holding between 10 million to 100 million DOGE tokens have now pushed their total balance to 15.63 billion DOGE after adding 25 million DOGE in the past 24 hours.\u00a0<\/span><\/p>\n

Related Reading: Don\u2019t Panic: The Bitcoin Bull Market Is Far From Over, Quant Says<\/a><\/div>\n
<\/div>\n

Interestingly, the chart dynamics indicate this is a major change in sentiment from this cohort of traders, as their collective balance has been in a freefall since March 14th.<\/span><\/p>\n

\n

#Dogecoin<\/a> whales have bought 25 million $DOGE<\/a> in the past 72 hours, worth around $3.75 million! pic.twitter.com\/y1RnRffWhv<\/a><\/p>\n

\u2014 Ali (@ali_charts) March 21, 2024<\/a><\/p><\/blockquote>\n

Why Does This Matter?<\/h2>\n

Crypto whales<\/span><\/a> typically <\/span>move the market<\/span><\/a>. Increased buying or <\/span>selloff from<\/span><\/a> a few large traders could change the sentiment of other investors, and they could further cascade a price surge or decline. Notably, the chart shared by Martinez shows that the total balance of DOGE’s whale addresses has largely corresponded with the price increase.\u00a0<\/span><\/p>\n

For example, the drop on March 14 in the total whale balance corresponded with a 33% drop in DOGE’s price from $0.1878 on March 14 to March 20. However, DOGE is now showing signs of recovery and is currently trading at $0.1629.<\/span><\/p>\n

While <\/span>Dogecoin whales and FOMO buyers<\/span><\/a> may temporarily push DOGE higher, its long term success really depends on whether it can transform from a memecoin into a widely used cryptocurrency. Dogecoin <\/span>recently scored a point<\/span><\/a> in its bid to achieve mainstream adoption. Coinbase, America’s biggest crypto exchange, revealed plans to introduce Dogecoin along with Litecoin and Bitcoin Cash to its regulated futures contract offerings.<\/span><\/p>\n

Related Reading: Crypto Expert Reveals The Possibility Of Bitcoin Reaching $500,000<\/a><\/div>\n

According to an <\/span>earlier prediction<\/span><\/a> by Ali Martinez, DOGE could reach the $1 mark in April. His prediction was based off of the crypto’s performance after similar breakouts in 2017 and 2021.\u00a0<\/span><\/p>\n

A large part of this prediction coming to manifestation is a bullish sentiment from whale addresses, especially if they continue on an accumulation pattern. A key price level to watch is $0.20. If DOGE breaks above this resistance level, it could continue surging higher on buying momentum. But if it fails to break $0.20 and starts dropping again, it may indicate the rally is running out of steam.<\/span><\/p>\n

\"Dogecoin<\/p>\n

DOGE price trending at $0.156 | Source: DOGEUSDT on Tradingview.com<\/a><\/pre>\n
Featured image from CryptoRank, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Dogecoin has seen a steady rise in activity in the past two days to reverse the period of stagnancy recorded earlier in the week. At the time of writing, DOGE is up by 7% in the past 24 hours, reversing some of the corrections it has experienced in the past week. Turns out some Dogecoin whales have been going on a massive buying spree, as indicated by on-chain data.\u00a0 Popular crypto analyst Ali Martinez highlighted this accumulation trend by tweeting that DOGE whales have bought over 25 million DOGE worth around $3.75 million in the past three days.\u00a0 Crypto Analyst Reveals Dogecoin Whale Accumulation According to the Santiment chart shared by Ali Martinez on social media, wallets holding between 10 million to 100 million DOGE tokens have now pushed their total balance to 15.63 billion DOGE after adding 25 million DOGE in the past 24 hours.\u00a0 Related Reading: Don\u2019t Panic: The Bitcoin Bull Market Is Far From Over, Quant Says Interestingly, the chart dynamics indicate this is a major change in sentiment from this cohort of traders, as their collective balance has been in a freefall since March 14th. #Dogecoin whales have bought 25 million $DOGE in the past 72 hours, worth around $3.75 million! pic.twitter.com\/y1RnRffWhv \u2014 Ali (@ali_charts) March 21, 2024 Why Does This Matter? Crypto whales typically move the market. Increased buying or selloff from a few large traders could change the sentiment of other investors, and they could further cascade a price surge or decline. Notably, the chart shared by Martinez shows that the total balance of DOGE’s whale addresses has largely corresponded with the price increase.\u00a0 For example, the drop on March 14 in the total whale balance corresponded with a 33% drop in DOGE’s price from $0.1878 on March 14 to March 20. However, DOGE is now showing signs of recovery and is currently trading at $0.1629. While Dogecoin whales and FOMO buyers may temporarily push DOGE higher, its long term success really depends on whether it can transform from a memecoin into a widely used cryptocurrency. Dogecoin recently scored a point in its bid to achieve mainstream adoption. Coinbase, America’s biggest crypto exchange, revealed plans to introduce Dogecoin along with Litecoin and Bitcoin Cash to its regulated futures contract offerings. Related Reading: Crypto Expert Reveals The Possibility Of Bitcoin Reaching $500,000 According to an earlier prediction by Ali Martinez, DOGE could reach the $1 mark in April. His prediction was based off of the crypto’s performance after similar breakouts in 2017 and 2021.\u00a0 A large part of this prediction coming to manifestation is a bullish sentiment from whale addresses, especially if they continue on an accumulation pattern. A key price level to watch is $0.20. If DOGE breaks above this resistance level, it could continue surging higher on buying momentum. But if it fails to break $0.20 and starts dropping again, it may indicate the rally is running out of steam. DOGE price trending at $0.156 | Source: DOGEUSDT on Tradingview.com Featured image from CryptoRank, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":599211,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83685],"tags":[1785,89174,85675,7,1803,1804,86960,79599,79600],"class_list":["post-599198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-doge","tag-doge-news","tag-doge-price","tag-dogecoin","tag-dogecoin-news","tag-dogecoin-price","tag-dogecoin-whales","tag-dogeusd","tag-dogeusdt"],"acf":[],"yoast_head":"\nDogecoin Whales Go On Massive Buying Spree, Here\u2019s How Much They\u2019ve Bought<\/title>\n<meta name=\"description\" content=\"Dogecoin has seen a steady rise in activity in the past two days to reverse the period of 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Dogecoin Whales Go On Massive Buying Spree, Here\u2019s How Much They\u2019ve Bought","url":"http:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-whales-buying-spree\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-whales-buying-spree\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/Dogecoin_9222bf.jpeg?resize=200%2C170","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/Dogecoin_9222bf.jpeg?fit=297%2C170"},"articleSection":"Dogecoin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["doge","doge news","doge price","dogecoin","dogecoin news","dogecoin price","dogecoin whales","dogeusd","dogeusdt"],"dateCreated":"2024-03-22T23:00:59Z","datePublished":"2024-03-22T23:00:59Z","dateModified":"2024-03-22T23:00:59Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Dogecoin Whales Go On Massive Buying Spree, Here\\u2019s How Much They\\u2019ve Bought\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/dogecoin\\\/dogecoin-whales-buying-spree\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/dogecoin\\\/dogecoin-whales-buying-spree\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/Dogecoin_9222bf.jpeg?resize=200%2C170\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/Dogecoin_9222bf.jpeg?fit=297%2C170\"},\"articleSection\":\"Dogecoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"doge\",\"doge news\",\"doge price\",\"dogecoin\",\"dogecoin news\",\"dogecoin price\",\"dogecoin whales\",\"dogeusd\",\"dogeusdt\"],\"dateCreated\":\"2024-03-22T23:00:59Z\",\"datePublished\":\"2024-03-22T23:00:59Z\",\"dateModified\":\"2024-03-22T23:00:59Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/Dogecoin_9222bf.jpeg?fit=297%2C170","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/599198"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=599198"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/599198\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/599211"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=599198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=599198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=599198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}