Accumulate

Dogecoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/whales-accumulate-dogecoin-in-surprising-move/" data-wpel-link="internal">Whales Accumulate Dogecoin in Surprising Move</a> 
As an interesting development in the cryptocurrency market, <a href="https://coin-turk.com/unlu-analist-lark-davis-dogecoin-doge-yatirimcilarini-uyardi" data-wpel-link="internal">Dogecoin</a> (<a href="https://coin-turk.com/doge-artik-ciddiye-aliniyor-dogecoinde-onemli-destek-ve-direnc-seviyeleri" data-wpel-link="internal">DOGE</a>) has become a focal point of interest again following the emergence of large whale accumulations. The increase in whale accumulation has added optimism towards the largest <a href="https://en.coin-turk.com/pepe-coin-price-surge-followed-by-a-decline/" data-wpel-link="internal">memecoin</a>. 
<h2 style="text-align: justify" id="strong-whales-gathering-doge-from-robinhood-strong">Whales Gathering DOGE from Robinhood</h2> 
A platform that detects large movements on blockchains and shares them publicly, Whale Alert, has revealed a surprising whale accumulation of 276.21 million <a href="https://en.coin-turk.com/significant-dogecoin-transfer-detected-to-investment-platform-and-robinhood/" data-wpel-link="internal">DOGE</a> from the commission-free stock trading app Robinhood. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-320678" src="https://coin-turk.com/wp-content/uploads/2024/02/Dogecoin-Balina.png" alt="" width="802" height="504"> 
According to Whale Alert’s data, two significant whale transactions collected the mentioned amount of DOGE from Robinhood. In the first transaction, a whale-level wallet address starting with DEndn… purchased 172.89 million DOGE valued at $16.59 million, while in the second transaction, a whale-level wallet address starting with DGG1… bought 103.32 million DOGE valued at $9.87 million. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-320679" src="https://coin-turk.com/wp-content/uploads/2024/02/DOGE-Balina.png" alt="" width="805" height="518"> 
These large accumulations are particularly valuable as they typically reduce the circulating supply of DOGE. The timing of the accumulation coinciding with a period of price increase further boosts expectations for a <a href="https://en.coin-turk.com/why-is-doge-price-falling-the-latest-update-on-dogecoin-doge/" data-wpel-link="internal">Dogecoin</a> rally. 
On the other hand, data from Coinglass shows a significant increase of 15.06% in DOGE’s open interest, and a 191.73% increase in volume, indicating heightened market activity and new capital inflows. 
<h2 style="text-align: justify" id="strong-current-state-of-dogecoin-strong">Current State of Dogecoin</h2> 
According to data provided by CoinMarketCap, DOGE has risen by an impressive 7.28% in the last 24 hours, nearing the $0.10 threshold. As of the latest data, the price of DOGE is trading at $0.09871. Additionally, the market capitalization and the last 24-hour trading volume of the altcoin have also recorded significant increases of 7.71% and 146.81%, respectively. 
The current positive indicators point to a bullish market sentiment for Dogecoin and potentially set the stage for a bull run towards the $0.01 level in the short term. Moreover, speculations surrounding a possible collaboration between Dogecoin and the Italian luxury sports car manufacturer Ferrari also contribute to the positive outlook for the altcoin. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/whales-accumulate-dogecoin-in-surprising-move/" data-wpel-link="internal">Whales Accumulate Dogecoin in Surprising Move</a></h5>

Whales Accumulate Dogecoin in Surprising Move

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