1.4 Billion DOGE in 48 Hours – What's Happening?

Dogecoin Whales Drive Surge in Cryptocurrency Absorption

Crypto analyst Ali Martinez shared an analytics chart indicating a substantial influx of Dogecoin (DOGE) absorption by crypto whales. The chart provided by Santiment reveals that whales accumulated over 1.40 billion DOGE coins in the past 48 hours, amounting to approximately $140 million in value.

Dogecoin's Bullish Rally Confirmed

As previously reported, Dogecoin has experienced several milestones, including a significant increase in trading volume exceeding $1 billion and a surge in Open Interest (OI) to $530.78 million.

Martinez also highlighted Dogecoin's突破of a crucial resistance level of $0.111, where over 36 billion DOGE are held. According to Martinez, if Dogecoin maintains this level, it could validate its bullish breakout.

Dogecoin Founder Refutes Claims

Billy Markus, one of Dogecoin's founders, addressed allegations that he created cryptocurrencies after Dogecoin. Markus emphasized that he has no involvement in any other cryptocurrency projects and denounced claims that he is affiliated with such projects as "lies."

Markus further clarified his stance on meme coins and Ethereum tokens, stating that any Ethereum token claiming to have been created in 2013 is false, as Ethereum was not launched until 2015.