Dogecoin

when

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Something interesting is brewing behind the scenes of&nbsp;<a href="https://u.today/119-million-dogecoin-doge-sent-to-robinhood-details" rel="noopener noreferrer nofollow">Dogecoin (DOGE)</a>, according to data from&nbsp;<a href="https://app.intotheblock.com/coin/DOGE/deep-dive?group=ownership&amp;chart=all" rel="noopener noreferrer nofollow">IntoTheBlock</a>. As on-chain statistics indicate, the popular meme cryptocurrency has seen a spike in flows into major holders' wallets over the past 24 hours. Going from 50.29 million DOGE to 341.14 million DOGE, this growth reflects a 678% increase in just one day.&nbsp;
It may signal that some big players with more than 0.1% of the coins in circulation are buying up Dogecoin. Many large holders may make purchases on central exchanges and then move their coins into cold storage.&nbsp;
When we see spikes in large holder inflows, it could be a sign that the price is bottoming out, as these addresses tend to buy in bulk after significant corrections. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="2f6ce181-e70d-4b70-a272-42e15aff4084" src="https://u.today/sites/default/files/inline-images/dogecoindoge_0.png">Source: <a href="https://app.intotheblock.com/coin/DOGE/deep-dive?group=ownership&amp;chart=all" rel="noopener noreferrer nofollow">IntoTheBlock</a>
However, some of them are seemingly reducing their&nbsp;<a href="https://u.today/dogecoin-doge-might-clear-one-zero-if-this-trend-plays-out" rel="noopener noreferrer nofollow">DOGE</a> holdings, as outflows from such wallets increased by 300% - from 52.61 million to 185.79 million DOGE.&nbsp;
Nevertheless, the net flow still increased significantly in the last 24 hours, going from negative to as much as 155.36 million DOGE.
<h2 dir="ltr" id="dogecoin-doge-price-outlook">Dogecoin (DOGE) price outlook</h2>
Speaking of Dogecoin's price bottoming out, let's take a look at its chart. As you can see, over the past few hours, DOGE has been experiencing roller coaster price action, falling and rising by at least 4% in a single day.&nbsp;
Currently, the price of a major meme coin is quoted at $0.0956, which is actually near its local bottom set yesterday, when the price fell as low as $0.091 - the lowest price point since early August.&nbsp; <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="85ac42f5-4600-4b42-8a13-425647e1af7a" src="https://u.today/sites/default/files/inline-images/dogedog_0.png">DOGE to USD by <a href="https://coinmarketcap.com/currencies/dogecoin/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
Often a network eruption like this, with large holders of DOGE, serves as a precursor to major price shifts. Whether this is the case with&nbsp;<a href="https://u.today/dogecoin-doge-rockets-925-in-24-hours-in-abnormal-liquidation-imbalance" rel="noopener noreferrer nofollow">Dogecoin</a> this time around remains to be seen.

Dogecoin (DOGE) Rockets 678% in Bullish Whale Activity

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