Dogecoin (DOGE) whales look to have used this recent price crash as an opportunity to accumulate the foremost meme coin. This provides a positive development for Dogecoin, and the meme coin has already reacted positively, seeing how its price has recovered in the last 24 hours. Dogecoin Whales Accumulate More DOGE Data from the market intelligence platform IntoTheBlock shows that Dogecoin witnessed $1 billion in large transactions these past few days. Large transactions refer to ones that involve $100,000 worth of Dogecoin or more being traded. An increase in the large transactions suggests that whales are either accumulating more Dogecoin or looking to offload their tokens. Related Reading: Shiba Inu Enters Accumulation Zone Amid 493% In Shibarium Transaction Fees Further data from IntoTheBlock suggests that these whales are indeed accumulating more Dogecoin following this recent market decline. The net flows to exchanges metric has been negative over the past seven days, which shows that these whales have been buying the dip rather than moving their holdings to exchanges to offload their tokens. This presents a bullish outlook for DOGE and ..
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