Dogecoin Whales Buy Over 1 Billion DOGE, Price Spikes 6%
Prominent cryptocurrency analyst Ali Martinez has taken to X, sharing that Dogecoin (DOGE) whales purchased more than 1 billion DOGE in the last 24 hours, worth almost $108.7 million. #Dogecoin whales bought over 1 billion $DOGE in the last 24 hours, totaling roughly $108.7 million! pic.twitter.com/2aSevCd7Lm — Ali (@ali_charts) October 4, 2024 Also Read: Ethereum Drops 15% Amid Middle East Crisis: Key Insights for Traders The buying spree may be responsible for DOGE’s current price spike. The asset has rallied by 6.2% in the daily charts, 1.5% in the 14-day charts, and 12% over the previous month. The original memecoin is also up by 76.6% since October 2023. Despite the rally, the asset is still down by 12.3% in the weekly charts. Source: CoinGecko Reasons Behind Dogecoin’s Rally Elon Musk’s Influence DOGE’s latest rally could be due to Elon Musk reiterating his desire to accept the meme coin for Tesla vehicles. The electric vehicle manufacturer already accepts DOGE f...