#DOGE 🔥 Whale Accumulation Fuels Dogecoin Millionaire Growth👉$DOGE

A recent article by TheStreet Crypto on March 18, 2025, highlights a growing trend within the Dogecoin market: an increase in the number of "Dogecoin millionaires." This term refers to cryptocurrency wallet addresses holding at least one million DOGE.#Dogecoin‬⁩

According to on-chain data from Santiment, these whale addresses have been actively accumulating more Dogecoin tokens. This accumulation trend, which has seen a 1.24% increase in such wallets since the beginning of February, suggests that these large investors believe Dogecoin is currently undervalued and are positioning themselves for a potential future price surge. Historically, periods of significant whale accumulation have often preceded notable price recoveries for the popular meme coin.#Doge🚀🚀🚀

The article also points to a spike in Dogecoin's active addresses, reaching over 150,000 per day – the highest level since mid-November of the previous year. This increase in transaction volume indicates growing utilization of the Dogecoin network, which could be a crucial factor in driving price stability and eventual recovery. If this rise in user activity is driven by genuine adoption rather than short-term,#DOGEUSDT panic-induced trading, it could lay a solid foundation for a sustained bullish movement.

Despite currently trading around $0.1666, which is significantly lower than its December 2024 peak of $0.48, the confidence displayed by these large investors and the increasing network activity offer a potentially optimistic outlook for Dogecoin. The key support level around $0.165 is being closely watched, as its stability could determine the next price movement. However, considering the increasing network engagement, Dogecoin might be gearing up for a relief rally, potentially creating more Dogecoin millionaires in its wake.#DogeRocket