Crypto whales are making bold moves, but not all tokens are created equal. Dogecoin has seen a massive influx, with $158.86 million worth purchased over three days. Despite its potential bull run, the coin remains at a critical $0.33 level, signaling caution. Cardano is also under the spotlight, as whales accumulate $100 million worth of ADA.
Cryptocurrency prices are displaying mixed signals as the week unfolds. While some tokens, such as Dogecoin and Cardano, are rallying, fueled by large whale purchases, BlockDAG is stealing the show with its record-breaking presale and strategic partnership.
Here's a closer look at the latest crypto price movements and the key takeaways for investors.
Whales Bet Big on Dogecoin, Signaling Potential Bull Run
Dogecoin has been rallying on the back of massive whale purchases, with a net 470 million DOGE, valued at approximately $158.86 million, being scooped up over three days by a single entity. This large-scale buying activity has sparked speculation about an impending bull run for the meme coin.
The last time such a concentrated buying spree occurred was in December, when XRP enjoyed a 60% surge. As large investors shift their focus away from Bitcoin and Ethereum, Dogecoin seems to be the next in line to benefit from their attention.
Moreover, Dogecoin's price is currently hovering at a critical level of $0.33. According to analysts, if the meme coin manages to hold above this point, it could trigger a bull run, whereas a drop may lead to further corrections. However, the whale activity and↣
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