Dogecoin Whales Make Big Moves Amid Market Slump
TL;DR Summary
Dogecoin whales have significantly increased their holdings by purchasing 700 million DOGE (worth approximately $113 million) over the past three days, despite a slight decline in the cryptocurrency's price. This accumulation has raised their control to about 21.4% of the total circulating supply, indicating a potentially bullish outlook. In contrast, Shiba Inu has seen large deposits to centralized exchanges, suggesting possible selling activity.
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