Whales Accumulate 100 Million Dogecoin Quietly While the Market is in a Stagnation - What Are They Planning?

Medium-sized whale wallets have recorded a significant accumulation of Dogecoin over the past two weeks. These wallets, each holding between one million and ten million Dogecoin, added over 100 million Dogecoin without drawing public attention.

According to a post on platform X by Ali Martinez, on-chain data reveals that the total holdings of wallets containing between one million and ten million Dogecoin increased from around 10.42 billion Dogecoin to over 10.55 billion Dogecoin by April 30. The total holdings of Dogecoin significantly increased while market news remained stable, and social media interactions did not affect prices. Given the current prices, the value of the 100 million Dogecoin transaction was approximately 17.5 million dollars. These wallets implemented their strategy without announcing it when the market showed ambiguous trends and avoided public speculation interference. Whales of this size are often considered strategic players in the cryptocurrency space. Their movements tend to precede price movements or notable market events. Due to the substantial size of these accounts and their limited public visibility, their massive transactions often go unnoticed until researchers analyze the data.