Dogecoin Whales Trading Activity Reduces Amid Lull In Price But This Analyst Sees DOGE Touching $1.50
Posted On February 20, 2025
Large investors of Dogecoin (CRYPTO: DOGE) have adopted a wait-and-watch strategy amid the meme coin’s ongoing corrective phase, an influential cryptocurrency analyst said Wednesday.
What Happened: Ali Martinez, who frequently analyzes technical and on-chain indicators of top coins, noted that Dogecoin whales have “stayed on the sidelines,” with no significant buying or selling activity.
Whales are identified as wallet addresses holding more than 1% of a coin’s supply. Combined, they owned over 41% of Dogecoin’s supply as of this writing, according …
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