cryptd.in

另类 LinkedIn 适合加密人才

Here’s How Much Dogecoin Whales Purchased in March: Is DOGE Poised for a Rally?

-

由

cryptd.in
于

简要说明

  • Despite a 25% monthly price drop, large investors bought over $37M worth of DOGE, which suggests that they could be building their positions for potential upcoming gains.
  • However, hopes for a boost from Elon Musk faded after he clarified that the Department of Government Efficiency (D.O.G.E.) has no plans to adopt the meme coin.

Massive Whale Buys Last Month

"(《世界人权宣言》) biggest meme coin in terms of total market capitalization witnessed enhanced volatility throughout March, with its price ranging from $0.14 to almost $0.25. Currently, it trades at around $0.17, representing a 25% decline on a 30-day scale.

DOGE Price
DOGE Price, Source: CoinGecko

Whales seem unfazed by this turbulence, and they increased their holdings during that timeframe. The X user Ali Martinez revealed that these investors ended the month with net purchases of over 220 million DOGE, which equals more than $37 million (calculated at current rates). 

He pointed out that whales now own approximately 10.52 billion tokens, constituting roughly 7% of Dogecoin’s circulating supply. 

When such large investors buy substantial amounts of DOGE, they effectively decrease the available number of tokens on the open market. If demand remains constant or increases, this reduction can lead to upward pressure on the price. ​

Such actions can also be interpreted as a signal of confidence in the asset’s future performance, which could encourage additional buying from retail investors, further driving up the valuation. 

Musk’s Recent Comments

Elon Musk’s entry into the US political scene several months ago triggered huge enthusiasm among DOGE proponents. Tesla’s CEO was appointed to lead the newly established Department of Government Efficiency (D.O.G.E.). 

The division has the same abbreviation as the popular meme coin, while the billionaire is known as a firm supporter of the latter. 

And while the crypto community expected some kind of endorsement, Musk’s recent comments poured cold water on such hopes. He 说过 the US government has no plans to use DOGE in any form.

“They happen to be similar names, but really, we’re literally just trying to make the government 15% more efficient,” he added.

That said, bulls will have to wait for other catalysts that could push the price up in the near future. One example is the potential approval of a spot DOGE ETF in America. Grayscale, Bitwise, and Osprey Funds are some of the firms that have submitted applications to launch this type of product. The chances of a green light before the end of the year are currently projected to be just below 70%.

职位 Here’s How Much Dogecoin Whales Purchased in March: Is DOGE Poised for a Rally? 首次出现在 加密土豆.

评论

发表回复

您的邮箱地址不会被公开。 必填项已用 * 标注

最新信息

热门类别

zh_CN 简体中文
zh_CN 简体中文 en_US English ro_RO Română et Eesti ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

搜索网站

热门故事

标签

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #Bitcoin (370) #BitcoinETF (3) #itcoinFundamentals (1) # 比特币处理 (1) # 比特币价格 (5) # 比特币价格水平 (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #itcoinTop (1) #Bitfinex (1) #Bitwise (1) #BracebridgeCapital (1) #BRC20Tokens (1) #BTC 收购 (1) 1TP5 看涨预测 (1) #BullishSentiment (1) #C 中国矿业 (1) #CPIPreview (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (64) #ogecoinGains (1) #ogecoinVolume (1) #DutchCourt (2) #ECommerce (1) #El萨尔瓦多比特币 (1) #E以太坊 (62) #EthereumPain (1) #E以太坊价格 (1) #ExpertOpinion (1) #FedRateCut (1) #FiatCurrency (1) #F 财务影响 (1) #F 财务隐私 (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #InflationData (1) #Investment (1) #InvestmentLoss (1) #JapaneseFirm (1) #L LegalAction (1) #L 法律影响 (1) #Legislation (1) #LightningNetwork (1) #M 市场分析 (3) #M 市场监测 (1) #M 市场预测 (1) #M 市场预测 (1) #M 市场投影 (1) #M 市场支持 (1) #M 市场波动性 (1) #M 婚姻 (1) #MemeCoin (5) #MemeCoins (2) #Miner 盈利能力 (1) #M 洗钱 (2) #MtGox (3) #朝鲜加密货币 (1) #诺沃格拉茨预测 (1) 1TP5价格里程碑 (1) #P 价格预测 (2) 1TP5价格问题 (1) #PriceSurge (1) #PrisonSentence (1) # 量化分析 (1) #R 监管压力 (1) #SECA Anti-Crypto (1) #ShibaInu (5) #SocialBuzz (1) #T 技术分析 (1) #Toncoin (3) #T 龙卷风现金 (3) #T 龙卷风现金发展项目 (1) #T 龙卷风现金开发者 (1) #UKCrypto (1) #UpsidePotential (1) #USCongress (1) #WyomingLand (1) #XRPPrice (1) #XRPupswing (1)

实用链接

我发现了一些有用的链接，希望与大家分享。