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Dogecoin, which peaked in 2021, accumulated 140 million tokens.
Will the price of Dogecoin rebound? The Dogecoin whales that sold at the peak of 2021 have collected 140 million tokens.
Find out why the price of Dogecoin may rise in the coming weeks after the formation of a divergence pattern
The Dogecoin price is stuck at a critical resistance level, having formed a common bullish pattern, indicating a potential breakout soon. Among the potential catalysts for this rebound are on-chain data signals indicating whale accumulation. This article explores whether the Dogecoin price will recover and the potential targets. The Dogecoin price may rise with whale accumulation.
Data from the supply chain collected by Santiment shows that DOGE whales have been accumulating the token over the past few months, undeterred by the ongoing decline. The data indicates that the number of DOGE coins accumulated from January 2024 to today has risen from 8.85 billion to 8.99 billion, equivalent to 140 million tokens.