Dogecoin Sees 6% Price Surge Amid Whale Accumulation

Dogecoin has experienced a significant price increase over the past day, reaching a 6% surge as whales continue to accumulate large amounts of tokens. According to on-chain data, these big-money investors have bought up 470 million DOGE in recent days, which could be supporting the memecoin's latest price recovery.

As highlighted by analyst Ali Martinez in an X post, Dogecoin's Active Addresses metric has also seen a substantial increase. This indicator tracks the daily number of addresses participating in transactions on the blockchain and can serve as a sign of growing engagement from network users.