Accumulate

Dogecoin

Shiba Inu

<ul> 
 <li><strong>Dogecoin whales accumulate billions: Analyst Ali Martinez’s findings.</strong></li> 
 <li><strong>Meme coins show volatility: Santiment reports SHIB, DOGE, and APE movements.</strong></li> 
 <li><strong>Social media sentiment boosts DOGE: Santiment observes price fluctuations.</strong></li> 
</ul> 
<p>Crypto analyst and trader Ali Martinez recently shared data on Twitter (now called the “X app”) concerning significant accumulation of the original meme coin, <a href="https://thenewscrypto.com/?s=dogecoin" target="_blank" rel="noopener noreferrer nofollow">Dogecoin</a>, by whales. According to his tweet, over the past few weeks, these wallet owners have substantially increased their holdings of the meme coin.</p> 
<p>Ali presented an IntoTheBlock chart displaying that DOGE whales, varying in capacities, acquired a total of three billion Dogecoin in the span of three weeks, amounting to $225 million. The acquisition activity began on July 3, as indicated in the chart screenshot.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Dogecoin</a> whales bought around 3 billion <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$DOGE</a> over the last three weeks, worth $225 million! <a href="https://t.co/y4VC6nT9EK" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/y4VC6nT9EK</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1683458257162207232?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 24, 2023</a> 
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<h2 class="wp-block-heading" id="h-santiment-shared-data-about-meme-coins-taking-off">Santiment shared data about meme coins taking off</h2> 
<p>In another development, earlier today, Santiment <a href="https://twitter.com/santimentfeed/status/1683408594539266048" target="_blank" rel="noopener noreferrer nofollow">reported</a> positive movements for meme coins such as SHIB, DOGE, and APE. Shiba Inu witnessed a brief surge of 2.63% but followed by a decrease of 4.16%. DOGE, on the other hand, experienced a significant 8% increase, then faced a 5% drop, only to rise again by 3.77%. </p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f436.png" alt="🐶" class="wp-smiley" style="height: 1em; max-height: 1em;"> The week has kicked off with some <a href="https://twitter.com/hashtag/memecoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#memecoin</a> magic, as <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Dogecoin</a>, <a href="https://twitter.com/hashtag/ShibaInu?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#ShibaInu</a>, &amp; <a href="https://twitter.com/hashtag/Apecoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Apecoin</a> have enjoyed minor market cap rises. As is typically the case with these types of assets, high social volume spikes will signal tops. <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$DOGE</a> excitement is heating up. <a href="https://t.co/Z0w3UXZDzz" target="_blank" rel="noopener noreferrer nofollow">https://t.co/Z0w3UXZDzz</a> <a href="https://t.co/h0mriBIpXh" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/h0mriBIpXh</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1683408594539266048?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 24, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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</figure> 
<p>As for APE, it saw an initial increase of 3% but subsequently declined by 3.5%. Santiment attributed these rises, particularly in DOGE’s case, to heightened spikes in social media sentiment, stating that “DOGE excitement is heating up.”</p>

Dogecoin Whales Accumulate Billions: Speculating on Their Intentions

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