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Dogecoin has been extremely popular these days. In the past 12 hours alone, two large purchases have been made—first, a major whale swept in 139 million DOGE in one go, followed by another wave of funds directly investing $30 million, acquiring 218 million DOGE. In total, that's 357 million DOGE, and this level of accumulation is indeed aggressive.
This kind of action clearly indicates whale accumulation at the bottom. Retail investors are still hesitating and watching, while large funds have already started openly absorbing the supply. Honestly, we've seen this script many times before.
Why has Dogecoin suddenly become so attractive to whales? The reasons are not hard to guess. First, DOGE itself carries inherent popularity—being the pioneer of MEME coins, it has strong community consensus and a solid user base, which is hard for other tokens to match. Second, DOGE has always been associated with certain trending topics, and recently, it has become a focal point amid this market rally.
More importantly, large-scale accumulation usually comes with expectations. They wouldn't just throw money around without reason; they are likely seeing some signals—perhaps upcoming positive news, or they simply recognize DOGE's traffic and community activity as a MEME coin.
Currently, DOGE is showing signs of a slight upward movement. Whale locking and rising market sentiment often create room for further action. The key question now is whether this wave can break through previous highs. The market is watching and waiting.