The post 270 Million DOGE Shifted Within 96 Hours appeared on BitcoinEthereumNews.com.

Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. The crypto market rebounded heading into Christmas Day, with traders hoping for a holiday rally of various crypto assets. Amid the expectations on the crypto market, whales, or large holders, are making significant moves. According to Ali, a crypto analyst, whales have bought 270 million Dogecoin (DOGE) in the last 96 hours. This substantial acquisition is worth approximately $89.64 million at current market prices, sparking speculation about what might be brewing. Such accumulation is typically seen during periods of consolidation or price dips, where large holders, or whales, take advantage of lower prices to increase their positions. DOGE is now consolidating after a major market sell-off, which saw its price drop to $0.261 on Dec. 20. This trend in Dogecoin could suggest that whales are positioning themselves for a potential price increase or new developments inside the Dogecoin ecosystem. Related The Dogecoin Foundation, a nonprofit organization committed to Dogecoin’s development and growth, has been working on integrating software — libraries and services targeted at bridging the gap as a payment mechanism, as well as developing tools for grassroots adoption in emerging economies. According to a recent Dogecoin ecosystem report 2024, the Dogecoin Foundation hinted that open-source software is now approaching the point where it is ready for adoption, presenting an opportunity for numerous for-profit businesses to take…

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Filed under: News - @ December 25, 2024 11:26 am