Crypto analyst claims whales suddenly accumulated Dogecoin worth tens and millions of dollars (DOGEIn just a couple of days.
Ali Martinez, a crypto strategist on social media platform X, tells his 63.100 followers that investors with deep pockets have bought 700 million DOGE valued at $112 million within 72 hours.
Martinez, using data from the analytics platform Santiment says the sudden accumulation of DOGE whales coincides with the sentiment dropping for the top memecoin to near 2024’s lows.
“Market sentiment for Dogecoin is as bearish as it was in early February, just before DOGE skyrocketed by 200%!”
![Image](https://fxruhanahmed.com/2/wp-content/uploads/2024/06/1717383529_944_Crypto-Whales-Suddenly-Gobble-Up-112000000-Worth-of-Dogecoin-Amid.jpeg)
Dogecoin had a major surge in February. It went from $0.0077 the day before the start of the calendar month, to $0.228 the following March. DOGE was worth $0.159 as of the writing.
Martinez, pointing to Shiba inu as a Dogecoin competitor, says crypto exchanges have suddenly seen a huge influx. SHIB.
“Shiba Inu: over four trillion SHIB have been sent to crypto exchanges in the last two weeks, worth around $103 million!”
![Image](https://fxruhanahmed.com/2/wp-content/uploads/2024/06/1717383529_876_Crypto-Whales-Suddenly-Gobble-Up-112000000-Worth-of-Dogecoin-Amid.jpeg)
SHIB was trading for $0.000025 at the time this article was written.
Crypto strategists say that Ethereum’s top-of-the-line smart contracts platform is where the most mega whales are. ETH Wallets are on the rise.
“There’s been a notable increase in Ethereum addresses holding 10,000+ ETH, indicating a shift from distribution to accumulation!”
![Image](https://fxruhanahmed.com/2/wp-content/uploads/2024/06/1717383530_608_Crypto-Whales-Suddenly-Gobble-Up-112000000-Worth-of-Dogecoin-Amid.jpeg)
In the moment of this writing, ETH was worth $3.790.
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Source: dailyhodl.com