Crypto Whales Suddenly Gobble Up $112,000,000 Worth of Dogecoin Amid Bearish DOGE Sentiment: Analyst

Crypto Whales Accumulate Millions in DOGE

Crypto analyst Ali Martinez reports that major investors have swiftly amassed 700 million DOGE, equivalent to approximately $112 million, within a mere 72-hour period.

This accumulation coincides with a decline in sentiment toward Dogecoin, according to data from Santiment. "The market sentiment for Dogecoin is as bearish as it was in early February, just before DOGE skyrocketed by 200%!" Martinez notes.

Shiba Inu and Ethereum

Martinez also observes a significant influx of Shiba Inu (SHIB) into crypto exchanges over the past two weeks, with over four trillion SHIB deposited, valued at approximately $103 million.

Regarding Ethereum, Martinez highlights a surge in the number of mega whale wallets holding 10,000+ ETH, suggesting a shift towards accumulation.

Market Values

At the time of writing:

• DOGE: $0.159
• SHIB: $0.000025
• ETH: $3,790

Source: https://thebittimes.com/crypto-whales-suddenly-gobble-up-112-000-000-worth-of-dogecoin-amid-bearish-doge-sentiment-analyst-tbt91006.html