A major investor, commonly known as Whale, has purchased Dogecoin worth over $38 million in the past three days, making him one of the wealthiest owners of Dogecoin the world.On Tuesday, Whale purchased 200 million DOGE and added another 250 million assets on Thursday morning
A major investor, commonly known as Whale, has purchased Dogecoin worth over $38 million in the past three days, making him one of the wealthiest owners of Dogecoin the world.
On Tuesday, Whale purchased 200 million DOGE and added another 250 million assets on Thursday morning. At present, whales have more than 709.2 million Dogecoin worth more than 60 million US dollars (912 billion dong), making them the 20th largest DOGE wallet in the world.
Although the price of Dogecoin has fallen by nearly 5% in the past day, the crypto asset ranking 10th by market value has still risen by more than 5% in the past week, and has risen by about 22% since the beginning of 2023.
According to Santiment, an encryption analysis company, this growth follows the increase of Social emotions around Dogecoin. However, please remember that this very positive and cheerful sentiment towards crypto assets may actually be a bearish signal or indicate that asset prices will decline.
Nevertheless, it is undeniable that Dogecoin has gained high popularity, especially after the support of celebrities including Elon Musk. Although many people think that Dogecoin is an asset that has not been taken seriously, large investors like these cryptowhales show that some people see the value of investing in this asset.
Although the price of Dogecoin has dropped by more than 88% from its historical high in May 2021, some market observers are still optimistic about the future of the asset.
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