On Tuesday, Ali, a prominent voice in the crypto community, revealed that whale investors purchased a staggering 270 million Dogecoin in less than four days. On Christmas Eve, Ali took to X to announce the significant investment in Dogecoin. He said, “Whales bought 270 million
#Dogecoin $DOGE in the last 96 hours!”
At the price prevailing at the time of writing, the whale transactions amount to $91.8 million.
This revelation comes amidst a broader rally in altcoins, with Dogecoin gaining over 5% in the last 24 hours. The meme coin’s performance has been linked to similar trends observed in 2017 and 2021 by Ali, suggesting a potential “parabolic rally” in the future.
So far this year, DOGE has shot up a whopping 274% outperforming larger market cap coins such as Bitcoin and Ethereum which gained 132% and 53% in a similar period.
The cryptocurrency has been buoyant ever since Donald Trump won the 2024 presidential election and announced the appointment of DOGE-bull Elon Musk as co-he...