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Dogecoin Whales Accumulate 1,470,000,000 DOGE in Three Months As Top Memecoin Shows Decoupling Signs: Santiment

April 4, 2023
in Altcoin
Reading Time: 2 mins read
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A number one analytics agency says whales are loading up on Dogecoin (DOGE) as the highest memecoin flashes indicators of breaking away from the remainder of the crypto markets.

Market intelligence agency Santiment says that Dogecoin whales, or addresses holding over 10,000,000 DOGE, are within the means of gobbling up massive stacks of the main meme crypto asset.

In accordance with Santiment, Dogecoin whales have added 1,470,000,000 DOGE of their portfolio during the last three months. The analytics agency additionally provides that DOGE may very well be flashing early indicators of outperforming the crypto markets.

“Dogecoin has proven some gentle decoupling indicators this weekend with a +9% bounce up to now 24 hours whereas most of crypto is flat. Santiment Feed knowledge signifies that addresses holding 10 million+ DOGE have collected 1.47 billion in cash since Jan. 1st price $123.1 million.”

Image
Supply: Santiment/Twitter

Amid the Dogecoin whale accumulation, in style crypto strategist Kaleo tells his 571,600 Twitter followers that DOGE is probably going gearing up for a powerful surge after managing to take out its diagonal resistance on the decrease timeframe.

“DOGE formally breaking out on a number of timeframes. Ship it to $0.15 with haste.”

Image
Supply: Kaleo/Twitter

At time of writing, Dogecoin is buying and selling for $0.095. A transfer towards Kaleo’s goal of $0.15 suggests an upside potential of practically 57%.

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Tags: AccumulateDecouplingDOGEDogecoinMemecoinMonthsSantimentShowssignsTopWhales
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