Dogecoin Whales Break The Mold As They Spend $2.76 Billion Buying DOGE
The post Dogecoin Whales Break The Mold As They Spend $2.76 Billion Buying DOGE appeared on BitcoinEthereumNews.com.
Dogecoin whales have spent $2.76 billion buying DOGE as the meme coin continues to enjoy significant gains while investors are also buying ETFSwap (ETFS). With the Dogecoin price currently boasting a bullish outlook, Dogecoin whales have been actively accumulating DOGE. These Dogecoin whales look to position themselves for the significant rallies that the foremost meme coin could record in the coming weeks. Dogecoin Whales Spend $2.76 Billion Buying DOGE IntoTheBlock data shows that Dogecoin whales have spent over $2.76 billion buying DOGE over the last seven days. The largest inflows from the Dogecoin whales came on October 30 as they bought 2.88 billion DOGE. Since then, these Dogecoin whales have continued to millions of DOGE coins. This move from these Dogecoin whales is believed to be in anticipation of massive price rallies from the Dogecoin price. The meme coin has already recorded significant gains these last few days, which indicates that these Dogecoin whales are already in profit. IntoTheBlock data shows most DOGE addresses (88.59%) are in the money while the remaining 11.41% are out of the money, meaning that these Dogecoin whales are currently not at a loss on their DOGE investments. Investors Are Also Spending Millions On ETFSwap (ETFS) Investors are also spending millions of dollars to buy ETFSwap (ETFS), with millions of ETFS tokens bought so far in the crypto’s ongoing presale. These investors are rushing to buy the ETFS while it is still selling at an affordable price of $0.05769, considering its potential in this bull run. The ETFSwap (ETFS) token has the potential to record significant gains in this bull run because of its impressive utility within the ETFSwap ecosystem. As the native token of the ETFSwap investment platform, investors will need ETFS to access the tokenized exchange-traded funds (ETFs) on the platform. They will…
Filed under: News - @ November 15, 2024 1:21 am