Summary
- Ali Martinez revealed that whales have purchased 200 million DOGE in the past 48 hours.
- Elon Musk's tweet has heightened expectations for Dogecoin's further rise with the start of D.O.G.E activities.
- Currently, Dogecoin is reported to be trading at $0.38768, up 2.46%.
In the past two days, whales have been reported to have purchased a large amount of Dogecoin (DOGE).
On the 16th (local time), Ali Martinez, a cryptocurrency analyst, stated on X, "In the last 48 hours, whales have bought over 200 million Dogecoins."
On the same day, Elon Musk, CEO of Tesla, tweeted that D.O.G.E (Department of Government Efficiency) will work with the government. Some speculate that if D.O.G.E's activities officially begin, it could act as additional upward momentum for Dogecoin.
As of 4:27 PM, Dogecoin is trading at $0.38768, up 2.46% from 24 hours ago, according to the Binance USDT market.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![Dow Tops 50,000 for First Time Ever as “Oversold” Narrative Spreads [New York Stock Market Briefing]](https://media.bloomingbit.io/PROD/news/1c6508fc-9e08-43e2-81be-ca81048b8d11.webp?w=250)
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