30,000,000 doge in just 1 day: does Dogecoin make up for further rally?

The market capitalization of Doge reached almost $ 40 billion.

The largest meme coin in terms of market capitalization has registered a price increase of 15% last week and is one of the best-performing cryptocurrencies within that period.

The recent whale accumulation indicates that the rally may not be over yet, with the potential for even more substantial winning.

Loading on coins

According to the popular X analyst Ali Martinez, Dogecoin has whales (portfolios between one and ten million doge) broken More than 30 million coins in just 24 hours. The stock, with a value of nearly $ 8 million, pushes their total possession to nearly 11 billion doge, or about 7% of the circulating stock of the token.

This effort reflects a strong conviction among these market participants, who in turn can inspire smaller investors to follow their lead. Moreover, it reduces the quantity available on the open market, and the economic basic principles suggest that prices can rise further if demand remains stable or remains north.

The meme currency currently acts at around $ 0.26, with countless analysts in mind. X User trader Tardigrade spotted The formation of a “cup and handle” pattern on the price diagram, with the argument that this can lead to a climb to $ 0.30.

Another one with the name Clifton FX is Bullish, predictive that Doge is about to be a pump of 200% – 300% to $ 0.74. Those who are willing to explore extra price forecasts can take a look at our special article here.

Doge strengthens its leadership

After the last price increase, the market capitalization of Dogecoin has reached almost $ 40 billion, which represents around 50% of the total capitalization of the entire Memin coin sector.

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His dominance against his competitors in the niche continues to rise, and now that gorge is more than $ 32 billion.

Pepe (Pepe) comes third with a market capitalization of approximately $ 4.2 billion, while Meme Core (M), Pump.Fun (pump) and Pudgy Penguins (Pengu) then follow.