Dogecoin Surges 12% In A Week As Whale Buying Accelerates

Large investors piled into Dogecoin (CRYPTO: DOGE), leading to the sharp rally during Sunday’s overnight trading.

Are Whales Driving The Surge?

Widely followed cryptocurrency analyst Ali Martinez highlighted in an X post that whales accumulated 160 million DOGE tokens in the last 96 hours. The accumulation totaled roughly $18 million at prevailing prices.

Institutions Snap Up DOGE

Spot exchange-traded funds rode the bullish wave, as the Grayscale Dogecoin Trust ETF (NYSE:GDOG), 21Shares Dogecoin ETF (NASDAQ:TDOG), and Bitwise Dogecoin ETF

Full story available on Benzinga.com