Whales Accumulate $56 Million Worth of Dogecoin Amidst Market Downturn
Despite a recent decline in Dogecoin's value, whales continue to accumulate significant holdings in the cryptocurrency. Over the past 24 hours alone, they have purchased 140 million DOGE, valued at approximately $56 million.
This buying activity suggests that some large-scale investors remain optimistic about Dogecoin's long-term prospects, even amidst the ongoing market downturn. They likely believe that the current price decline is a temporary setback and that the cryptocurrency will resume its upward trajectory in the future.
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