In the last week, Dogecoin whales have accumulated 410 million DOGE, valued at around 140 million USD, raising their total holdings to 22.54 billion DOGE. This activity indicates confidence in DOGE’s short-term potential, attracting retail investors and potentially driving prices upward.
The negative Market Value to Realized Value (MVRV) ratio highlights that DOGE is currently undervalued, signaling a good opportunity to buy. If accumulation persists, the price may rise toward 0.48 USD; however, further selloffs could lead to a decline toward 0.29 USD.
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