Dogecoin

Based

April

Billion

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<p dir="ltr">Dogecoin (DOGE) whales are making an intriguing comeback to the market, per a recently spotted on-chain acquisition move. As spotted by top market analyst Ali Martinez on X, DOGE whales have acquired one billion DOGE in the past 24 hours.</p>
<h2 id="dogecoin-whales-rebirth">Dogecoin whales’ rebirth</h2>
<p dir="ltr">Considering the current&nbsp;<a href="https://u.today/ethereum-eth-32-billion-catastrophe-continues-bitcoin-btc-in-limbo-for-200-days-xrp-showed-weirdest" rel="noopener noreferrer nofollow">bearish state of the crypto market</a>, it remains intriguing to see sustained interest in a particular crypto project. Since the start of October, the broader digital currency ecosystem plunged into a bearish reversal mode as geopolitical tensions in the Middle East spooked the global financial ecosystem.</p>
<p dir="ltr">For October, Dogecoin's price dropped by 5.89%. However, its current price shows that the&nbsp;<a href="https://u.today/dogecoin-doge-on-verge-of-price-doubling-if-this-bullish-crossover-plays-out" rel="noopener noreferrer nofollow">negative trend</a> is reversing. As of writing, the price of DOGE has jumped by 1.79% in 24 hours to $0.1078. With the new bullish trend, it remains impossible to separate the role of Dogecoin whales in driving this trend.</p>
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 <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Dogecoin</a> whales bought over 1 billion <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DOGE</a> in the last 24 hours, totaling roughly $108.7 million! <a href="https://t.co/2aSevCd7Lm" rel="noopener noreferrer nofollow">pic.twitter.com/2aSevCd7Lm</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1842089018357375399?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 4, 2024</a>
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<p dir="ltr">Based on Ali Martinez's insights, the total DOGE bought has topped $108 million in 24 hours. Apparently, whale investors saw the price dip of the past few days as a major discount that can help them gain more exposure to the coin.</p>
<p dir="ltr">As observed in the past few months,&nbsp;<a href="https://u.today/dogecoin-doge-whales-are-back-with-nearly-1-billion" rel="noopener noreferrer nofollow">Dogecoin whales</a> are particularly known to take advantage of this pricing trend.</p>
<h2 id="doge-price-to-0-20">DOGE price to $0.20?</h2>
<p dir="ltr">In the heat of the latest sell-off, the price of DOGE lost one zero and traded as low as $0.08937. However, the quick recovery in the price of the meme coin shows a more ambitious growth push ahead.</p>
<p dir="ltr">Dogecoin's price now has a new target of $0.20, a level the coin has not retested since April of this year. Should the whale embrace continue, attaining this level in the coming weeks will remain feasible.</p>
<p dir="ltr">For now, DOGE's price has kept its growth ahead of key rivals like&nbsp;<a href="https://u.today/shiba-inu-shib-burn-rate-up-229-as-price-push-for-breakout" rel="noopener noreferrer nofollow">Shiba Inu</a>, a promising sign that more is ahead.</p>

Dogecoin Whales Waking up With 1 Billion DOGE Buy-up

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