Big investors, known as “whales,” have been quietly buying up a massive amount of Dogecoin (DOGE).
DOGE Whale Activity
According to trader Ali Martinez, whales snapped up a whopping $640.5 million worth of DOGE in just 48 hours. This happened while many were focused on the new Trump-themed memecoin, TRUMP. Martinez noted that 1.83 billion DOGE tokens changed hands during this period. At the time of this writing, DOGE is trading around $0.35.
Trump Coin Predictions
Martinez also shared his thoughts on the TRUMP memecoin. He predicts that if TRUMP breaks through a specific chart pattern (a falling wedge), it could surge to over $50. Currently, TRUMP is trading at $32.48.
Another Memecoin: Dogwifhat (WIF)
The analyst also commented on another memecoin, Dogwifhat (WIF), built on the Solana blockchain. He sees WIF moving sideways within a specific chart pattern, suggesting a period of consolidation. He believes that after consolidating near its support level of $1.35, WIF could rally towards $5. WIF is currently trading around $1.37.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies. Investing in crypto is risky, and you could lose money.
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