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#BitcoinETFOptionLimitQuadruples Dogecoin Whale Accumulation Hits New Record 🚀
Recent on-chain data from Santiment highlights a massive surge in Dogecoin ($DOGE) whale activity, marking a significant milestone for the leading meme coin.
Key Highlights:
All-Time High Holdings: Whale wallets holding at least 100M DOGE have reached a collective all-time high of 108.52B $DOGE.
Market Value: This massive accumulation is currently valued at approximately $11.6B.
Activity Surge: Large transaction volume (transfers exceeding $100,000) recently hit a 6-month high, with 739 such transactions recorded in a single 24-hour span.
Wallet Growth: There are now 149 major whale wallets anchoring this record-breaking supply.
Market Context & Performance:
This surge in accumulation coincides with a period of bullish momentum for the token.
Price Action: $DOGE has seen a +14% price rise over the last 10 days, currently trading around $0.108.
Derivatives Demand: The futures market is showing renewed life, with Open Interest (OI) climbing to $1.67B.
Technical Outlook: While the Relative Strength Index (RSI) has recently crossed 70—signaling overbought conditions and the potential for a short-term cooling period—the MACD remains in positive territory, supporting the ongoing bullish trend.
Whale accumulation of this scale often suggests that large-scale investors are positioning themselves for long-term growth or anticipating upcoming market catalysts.
#DOGE #CryptoNews #Dogecoin #MarketAnalysis 🐕📈