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链上马叔
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Whales Go Wild Purchasing 200 Million DOGE, Is the Bull Market Coming?
This Wednesday, the cryptocurrency market was stirred by a piece of news: analyst Ali Martinez revealed that a mysterious giant whale purchased 200 million DOGE in just 14 days, causing traders to erupt in excitement. Despite constant market fluctuations, such large-scale accumulation has investors filled with anticipation for Dogecoin's future, and a price surge may be imminent. • I. Market Dynamics: Whale Purchasing and Price Resonance. According to on-chain data, from March 11 to 25, whale accounts holding over 1% of DOGE increased their holdings by 200 million DOGE, averaging about $14.3 million in purchases per day. This action is highly synchronized with DOGE's price recovery from $0.15 to $0.19 (a 25% increase), forming a strong pattern of 'increasing volume and price'. Notably, during the whale accumulation period, the DOGE weekly chart showed an increase of 14%, with simultaneous movements in the derivatives market: futures open interest surged 6% to $1.94 billion, and trading volume broke through $4.09 billion, indicating that institutional funds are doubling down on leverage. In terms of market sentiment, the number of active DOGE addresses exceeded 390,000, and the Reddit subreddit gained 1.2 million new members, the highest growth rate since 2021. The community-initiated '1Doge=1Dollar' global graffiti campaign gained phenomenal traction in cities like New York and Tokyo, further heightening FOMO (fear of missing out) sentiment.
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