Dogecoin (DOGE) has been under pressure during the two-month crypto-wide retracement, mirroring the broader market's struggles.
Dogecoin (DOGE) has been struggling during the two-month crypto-wide retracement, but some key on-chain metrics suggest that the meme coin could be preparing for a major move.
Surging Activity and Huge Accumulation
The number of wallets holding at least 1 million DOGE has been increasing, a strong indication that whales, or large cryptocurrency holders, have been accumulating the meme coin, according to on-chain data.
#Dogecoin whales, holding >=1M $DOGE, have been accumulating massively during this period. 🐳 The number of wallets holding this amount of meme coin has seen a strong increase, especially in the last two months.
Usually, such accumulation phases precede major price rallies. https://t.coдурковув
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