{"id":171221,"date":"2023-02-17T21:27:11","date_gmt":"2023-02-17T21:27:11","guid":{"rendered":"https:\/\/precoinnews.com\/?p=171221"},"modified":"2023-02-17T21:27:11","modified_gmt":"2023-02-17T21:27:11","slug":"dogecoin-whales-scoop-up-billions-of-doge-on-musk-induced-push-is-a-push-to-1-possible","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/dogecoin-whales-scoop-up-billions-of-doge-on-musk-induced-push-is-a-push-to-1-possible\/","title":{"rendered":"Dogecoin Whales Scoop Up Billions Of DOGE On Musk-Induced Push \u2014 Is A Push To $1 Possible?"},"content":{"rendered":"

Dogecoin has continued to gain attention on the back of Elon Musk\u2019s endorsements, particularly after the billionaire took over Twitter and promised to implement new payment features.<\/p>\n

This week, however, the world\u2019s largest cryptocurrency has been surging for a slightly different reason. Since Wednesday, the network\u2019s die-hards have been pumping all things Dogecoin after Elon Musk teased pictures of a dog sitting on the Twitter CEO\u2019s chair with a note written Floki. Musk then wrote, \u201cThe new CEO of Twitter is amazing,\u201d before adding, \u201cSo much better than that other guy!\u201d<\/p>\n

The tweet saw DOGE jump by over 8% while Shiba Inu soared close by about 10%. On the other hand, Floki Inu spiked the hardest, spurred by Musk\u2019s direct mention, and has since grown by over 180% to trade at $0.000063 as of writing.<\/p>\n

DOGE Metrics Shine<\/strong><\/h2>\n

Notably, despite Floki Inu\u2019s gargantuan spike, attention now seems to be turning to Dogecoin, with several metrics showing an aggressive accumulation of DOGE by whales.<\/p>\n

Earlier on Thursday, onchain analytics platform Lookonchain revealed in a tweet that a whale received DOGE worth $63 million from crypto exchange Crypto.com.<\/p>\n

\u201cWhale \u201cD7vrVR\u201d received 250M $DOGE($63M) from cryptocom 1hr ago,\u201d<\/em> the tweet read. According to the platform, the same whale had received 200M DOGE worth around $39M on Wednesday from the same exchange. The latest transfer thus saw the whale enter the top 20 list of the largest dogecoin whales. At press time, the said whale was holding 709,289,274.67 DOGE worth 63.3 million, as per data by Bitinfocharts.<\/p>\n

Other whales and retail buyers also joined the frenzy amid the recent rally scooping billions of DOGE. Crypto analyst \u201cAli\u201d shared a chart from onchain analytics firm Santiment, writing, \u201cDogecoin is ready to break out! DOGE whales have purchased over 1.06 billion $DOGE in 48 hours, worth roughly $94.34 million.\u201d<\/em><\/p>\n

\"\"\/<\/p>\n

In a separate tweet, the pundit highlighted Dogecoin\u2019s growing appeal after a tough crypto winter. \u201cSocial sentiment around Dogecoin hasn’t been this positive since October 2022, when DOGE pumped 160%,\u201d<\/em> he wrote. <\/p>\n

According to data from Intotheblock, the percentage of holders currently making money with DOGE has since reached 63%, with exchange signals turning super bullish. Dogecoin is among the top 10 most purchased tokens among the 100 biggest BSC whales in the past 24 hours, according to data from Whalestats.<\/p>\n

Meanwhile, despite recoiling slightly on Thursday, mainly due to profit taking by investors, Dogecoin\u2019s positive metric puts its price in a recovery trajectory. At press time, DOGE was trading at $0.0885, up nearly 1% in the past 24 hours.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Dogecoin has continued to gain attention on<\/p>\n","protected":false},"author":3,"featured_media":171220,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nDogecoin Whales Scoop Up Billions Of DOGE On Musk-Induced Push \u2014 Is A Push To $1 Possible? - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/dogecoin-whales-scoop-up-billions-of-doge-on-musk-induced-push-is-a-push-to-1-possible\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dogecoin Whales Scoop Up Billions Of DOGE On Musk-Induced Push \u2014 Is A Push To $1 Possible? - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Dogecoin has continued to gain attention on\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/dogecoin-whales-scoop-up-billions-of-doge-on-musk-induced-push-is-a-push-to-1-possible\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-17T21:27:11+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2023\/02\/Dogecoin-Whales-Scoop-Up-Billions-Of-DOGE-On-Musk-Induced-Push-\u2014-Is-A-Push-To-1-Possible-.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/dogecoin-whales-scoop-up-billions-of-doge-on-musk-induced-push-is-a-push-to-1-possible\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/dogecoin-whales-scoop-up-billions-of-doge-on-musk-induced-push-is-a-push-to-1-possible\/\",\"name\":\"Dogecoin Whales Scoop Up Billions Of DOGE On Musk-Induced Push \u2014 Is A Push To $1 Possible? 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