Crypto Whales Load Up $640,500,000 Worth of Dogecoin (DOGE) in Just Two Days, Says Analyst
Deep-pocketed digital asset investors are gobbling up massive amounts of the leading meme token Dogecoin (DOGE). Trader Ali Martinez tells his 116,800 followers on the social media platform X that while retail investors are getting distracted by the recently launched Official Trump (TRUMP) memecoin, crypto whales heavily accumulated DOGE to the tune of $640.5 million in just two days. “While everyone focuses on TRUMP, whales bought 1.83 billion Dogecoin DOGE in [48 hours!]” Source: Ali Martinez/X At time of writing, DOGE is trading for $0.35. Looking at TRUMP itself, Martinez predicts that the memecoin will surge above $50 if it takes out the diagonal resistance of a falling wedge pattern. A falling wedge structure is often viewed as a bullish reversal pattern as it suggests that selling pressure is losing momentum. “TRUMP seems to be forming a falling wedge on the lower time frames, suggesting a potential consolidation toward the apex before...