FTX With the bankruptcy of the stock market, the turmoil in the crypto markets is replaced by calmness again. Many cryptocurrencies are trying to make up for the drop they experienced last week. The latest situation of Dogecoin, which has attracted attention with astronomical rises in the past weeks, is a matter of curiosity for investors.
DOGE The price has risen almost 3 times in days with the acquisition of Twitter by its biggest supporter, Elon Musk. But the FTX storm that followed, cryptocurrencies negatively affected DOGE as well. The dog-themed meme token lost 50% again as the markets shook.
Whales Keep Accumulating DOGE!
on-chain data tracker centimentreleased key on-chain data for DOGE after the market calmed down.
big on data dogecoin whales continue to accumulate in their wallets no matter what happens in the market.
Wallet holders holding between 1 and 10 million DOGE coins have pocketed $500 million worth of meme tokens since the first days of October.
More mid-size investors, holding between 10,000-100,000 DOGEs, bought $250 million worth of Dogecoins.
The Number of DOGE Addresses Continues to Increase
While DOGE whales continued to accumulate, the increase in the number of addresses making purchases and sales also drew attention.
According to IntoTheBlock data, the number of retail wallets trading Dogecoin has increased by more than 70% in the past 30 days.
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