Cryptocurrency Market Update: Pepeto Leads the Charge

A recent surge in Dogecoin whale activity has seen the largest holders accumulate a record amount of tokens. According to Santiment data, 149 wallets now hold 100 million or more Dogecoin, controlling a total of $11.6 billion worth of tokens.

This accumulation comes as Bitcoin prices surge past $80,000, and Dogecoin gains 2.25% to reach $0.110. However, the lack of clear utility upgrades or catalysts for Dogecoin has hindered its price growth.