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Large investors have shown no notable spikes in buying or selling pressure over the past 96 hours.
Dogecoin saw a 12% price increase in the past 96 hours, surging from $0.14684 to $0.16456, followed by a slight price correction. While retail traders had substantial buying and selling activity, large DOGE holders have been quiet, with no noticeable moves in this period.
The market is closely watching and wondering what is the reason for such behaviour. Renowned analyst, Ali Martinez, has shared this insight in an X(formerly Twitter) post, sparking a debate on the same.
Considering Dogecoin’s price consolidation, whales could in caution and on a “wait-and-see” approach as they wait for notable market signals.
With no price volatility, the market remains indecisive. A major market catalyst is necessary to spark noticeable whale activity.
