# @benzinga on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/DEBCLfdSZd0
- **Gondola URL:** https://gondola.cc/posts/25688203-benzinga-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/thumbnails/a6174ea201.jpg
- **Posted:** 2024-12-25T21:18:33.000+00:00
- **Account Owner:** Benzinga | News That Moves (@benzinga) — https://gondola.cc/benzinga

## Caption

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-head of the Department of Government Efficiency — a proposed presidential advisory commission that shares its acronym with the meme coin.

## Stats

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- **Likes:** 1,230
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- **Comments:** 10

## Tags

dogecoin

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