Dogecoin whales continue to accumulate amid market correction

Despite the market correction, large investors (whales) of Dogecoin ($DOGE ) continue to accumulate this asset. This move, along with positive fundamental developments, suggests that DOGE may be preparing for a strong price surge.

Positive signals from whales

According to data from #Santiment , the number of DOGE transactions valued at $100,000 or more has risen to its highest level in the past 5 months. Furthermore, the number of wallets holding between 1 million and 10 million DOGE has increased by 33 wallets just in August. This indicates that large investors are recognizing the value of DOGE at its current price.

Experts note that the increase in whale activity is not solely based on speculative news but is also driven by fundamental factors. One of those factors is the company Thumzup, linked with the family $TRUMP , acquiring a Dogecoin mining company. This may have attracted the attention of institutional investors, especially in the context of the crypto regulatory environment in the U.S. becoming more open under the Donald Trump administration.

Potential and risks

Although the price of DOGE has dropped nearly 16% from its peak, it has quickly recovered. Some analysts believe that DOGE could experience strong growth in the long term. However, they also caution about the possibility of a short-term correction before a major price surge occurs. #anhbacong