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<figure><figcaption> Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a></figcaption></figure>Cryptocurrency trader and analyst Ali Martinez (known on the X social media platform under the @ali_charts alias) believes that the original <a href="https://u.today/865-billion-dogecoin-doge-in-24-hours-whats-up" rel="noopener noreferrer nofollow">meme coin DOGE</a> has high chances of printing an astounding price surge.Dogecoin may skyrocket by a whopping 200% as it happened in February, the analyst tweeted, since just like back then, market sentiment for this meme cryptocurrency is quite bearish.<blockquote>Market sentiment for <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Dogecoin</a> is as bearish as it was in early February, just before <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#DOGE</a> skyrocketed by 200%! <a href="https://t.co/dxbnb5jECQ" rel="noopener noreferrer nofollow">pic.twitter.com/dxbnb5jECQ</a>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1796570331118744010?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 31, 2024</a></blockquote>DOGE soared to a $0.18 in early March, following the rise of Bitcoin when slightly more than a month passed after the approval of spot Bitcoin exchange-traded funds (ETFs) by the American Securities and Exchange Commission (SEC).As if <a href="https://u.today/84-of-dogecoin-doge-holders-in-profit-as-price-eyes-further-gains" rel="noopener noreferrer nofollow">watching this metric</a> too, whales have started moving massive amounts of Dogecoin. A lot of these transactions are marked as purchases.<h2 id="roughly-1-5-billion-doge-on-move">Roughly 1.5 billion DOGE on move</h2>The same analyst Ali Martinez tweeted yesterday that Dogecoin whales have accumulated more than 700 million Dogecoin within the last three days, sharing a chart to confirm that. This amount of meme coins is evaluated at approximately $112 million.Aside from that, popular cryptocurrency tracker Whale Alert spotted massive amounts of Dogecoin getting transferred — four transactions show that roughly 1.5 billion DOGE have changed hands anonymously over the past two days.The above-mentioned data source detected that within the last 48 hours, 420,696,969, 970,000,000 and 499,420,696 DOGE were transferred between anonymous whales. A total of 90,000,000 DOGE were withdrawn from the popular Robinhood crypto exchange to an unknown blockchain address. These 1.579 billion Dogecoin are valued at $251,410,009 at the time of this writing.<blockquote>🚨 🚨 🚨 420,696,969 <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#DOGE</a> (66,103,147 USD) transferred from unknown wallet to unknown wallet<a href="https://t.co/HgyBMwh6IX" rel="noopener noreferrer nofollow">https://t.co/HgyBMwh6IX</a>— Whale <a href="https://twitter.com/whale_alert/status/1796571179848782286?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 31, 2024</a></blockquote>At press time, <a href="https://www.tradingview.com/symbols/DOGEUSD/" rel="noopener noreferrer nofollow">DOGE is changing hands</a> at $0.15887. It has managed to rise by 2.89% after dropping 4.25% overnight.

DOGE Eyes 200% Surge, According to This Major Metric

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