Dogecoin Whales Increase Holdings Amid Price Drop

Dogecoin whales are showing renewed interest in the meme coin, with significant accumulation activity occurring recently. Whales holding between 10 million and 100 million DOGE have collectively added 410 million DOGE, signaling confidence in the asset's near-term potential as it is viewed as undervalued. This buying pressure may create scarcity, potentially driving up prices as retail investors take note. Additionally, there are indications that whales are diversifying into AI-focused altcoins, with one whale investing $750,000 into a project predicted to deliver substantial returns. Meanwhile, Dogecoin's price has stabilized within a specific range, with technical indicators suggesting a potential recovery phase. As interest from large investors grows, the market may be poised for a bullish trend, particularly as Dogecoin's trading volume remains robust despite recent price fluctuations.