Finbold 2026-05-01 17:24:55

Dogecoin whales hit a 6-month high in activity

The Dogecoin ( DOGE ) network has experienced a sharp uptick in on-chain activity of whales, wallets holding at least 100 million units. The pioneer dog-themed memecoin saw its whale activity rise to a 6-month high, according to analytics from Santiment analyzed by Finbold on May 1. Earlier this week, the Dogecoin network recorded 739 DOGE transfers totaling at least $100,000 in a single day, the highest in six months. On-Chan activity for the largest Doegecoin whales. Source: Santiment Additionally, Dogecoin wallets holding at least 100 million DOGE increased their bags to an all-time high of 108.52 billion units, valued at about $11.8 billion at the time of publication. Notably, 149 Dogecoin wallets with balances exceeding 100 million DOGE control 70.45% of the memecoin’s total circulating supply as of press time. The demand for Dogecoin by these cohorts has gradually increased in the past three months. Similarly, the U.S. spot DOGE exchange-traded funds (ETFs) have recorded a steady growth in the past three months to currently hold assets valued at around $12.84 million, based on data from SoSoValue . Spot DOGE ETFs monthly flow. Source: SoSoValue As such, it is safe to conclude that institutional investors are renewing their demand for this meme. Dogecoin price rebounds on renewed whale demand Amid renewed demand for DOGE from whales, the meme’s price closed April on a bullish outlook. The altcoin surged 16.48% over the last 30 days, trading at about $0.1087 on Friday. As such, the memecoin’s market capitalization had risen to about $16.9 billion. DOGE/USD 30-day chart. Source: Finbold If the Dogecoin whales continue to accumulate in the near term, the memecoin could form a strong base for its multi-month bear market. However, if these large investors begin to distribute their holdings, the DOGE price could continue to bleed. The post Dogecoin whales hit a 6-month high in activity appeared first on Finbold .

Enim loetud uudised

Doctors Use AI to Spot 'Hidden' Sperm In Men
2026-05-01
DeFi Ecosystem Remains Robust Despite KelpDAO...
2026-05-01
Pentagon confirms secret BTC projects and US...
2026-05-01
NEAR Technical Analysis May 1, 2026: Support...
2026-05-01
Here’s How The Bitcoin Price Has Performed In...
2026-05-01
EUR/USD Trims Gains: Trump Tariff Threats and...
2026-05-01
Bitcoin Rose to $78.500: $75K Support Held
2026-05-01
Quantum Threats to Bitcoin: Paradigm Research...
2026-05-01

Loe lahtiütlusest : Kogu meie veebisaidi, hüperlingitud saitide, seotud rakenduste, foorumite, ajaveebide, sotsiaalmeediakontode ja muude platvormide ("Sait") siin esitatud sisu on mõeldud ainult teie üldiseks teabeks, mis on hangitud kolmandate isikute allikatest. Me ei anna meie sisu osas mingeid garantiisid, sealhulgas täpsust ja ajakohastust, kuid mitte ainult. Ükski meie poolt pakutava sisu osa ei kujuta endast finantsnõustamist, õigusnõustamist ega muud nõustamist, mis on mõeldud teie konkreetseks toetumiseks mis tahes eesmärgil. Mis tahes kasutamine või sõltuvus meie sisust on ainuüksi omal vastutusel ja omal äranägemisel. Enne nende kasutamist peate oma teadustööd läbi viima, analüüsima ja kontrollima oma sisu. Kauplemine on väga riskantne tegevus, mis võib põhjustada suuri kahjusid, palun konsulteerige enne oma otsuse langetamist oma finantsnõustajaga. Meie saidi sisu ei tohi olla pakkumine ega pakkumine