600 million DOGE bought up by whales, is the market going crazy again?
In the past 48 hours, on-chain data shows whales violently bought 600 million Dogecoin, not playing games, directly pushing DOGE to $0.259, a new high since February.
This moment is not simple — coinciding with Bitcoin rising to $104,000, ETH surging 38% in seven days, and DOGE's weekly increase ranking second among major coins, market sentiment has entered a state of excitement.
From a technical perspective, DOGE is approaching the key resistance of the 200-day moving average (0.265). Once it breaks through, combined with open contracts reaching a near three-month high ($2.85 billion), it is expected to trigger a new round of accelerated rise.
Looking back at history, every round of DOGE's activation is an extreme test of market sentiment cycles.
This time, is it the end or the beginning?
