Dogecoin Investors Switch to New ICO in Search of 100x Profits
On-chain data shows the Dogecoin whales have gone on a buying spree as the meme coin’s price declined in the last 24 hours. The whales, a critical group of investors holding between 1 million to 10 million DOGE, have significantly increased their holdings.
As analyst Ali Martinez pointed out in a post on X, these whales have participated in net accumulation in the last 24 hours. This trend is evident from the “Supply Distribution” metric, which shows the total DOGE that large wallet holders keep.
In this case, the 1 million to 10 million coin group has increased, suggesting that these large holders are buying more DOGE despite the recent price decline.
During the last 24 hours alone, these investors have added more than 60 million DOGE to their wallets, worth around $7.1 million. While this amount isn’t exceptionally high, the consistent buying despite the latest pullback in price indicates optimism among these significant holders.
The price of Dogecoin recently surged past $0.127 but has since retraced to $0.119. The whales’ buying activity amidst this decline could signal a bullish outlook for the meme coin, as they may be capitalizing on dip opportunities.
As the cryptocurrency market is experiencing a favorable bounce, Shiba Shootout (SHIBASHOOT) emerges as a promising new ICO. Due to Doge’s recent decline, this project has caught the attention of many investors, particularly Doge investors.
Shiba Shootout is a Wild West-themed cryptocurrency project that combines gaming excitement with lucrative staking opportunities. The project offers several standout features:
One of the most compelling aspects of Shiba Shootout is its staking reward system. Offering a staggering 1,500% annualized return currently, this
