Dogecoin Whale Accumulation Hits All-Time High Amid Institutional Interest

Dogecoin's recent surge in popularity among whales has led to a significant increase in collective wealth. According to Santiment Intelligence, 149 whale wallets holding at least 100 million DOGE now collectively hold an estimated $11.80 billion worth of the cryptocurrency.

The rise in institutional interest is also evident, with regulators having classified Dogecoin as a commodity and primary ETFs and ETPs actively trading globally. The latest addition to this list is 21Shares' Dogecoin ETP, which debuted four days ago.