DOGE Rally Brewing? Whales Load Up as Dogecoin ETFs Post Record Inflows

The OG meme coin is up by over 15% weekly but can it pull further ahead? The spot DOGE ETFs failed to capture investors’ attention for months, which led to the closure of one such fund. However, they have finally shown signs of life by reaching a new all-time high in terms of weekly inflows. At the same time, Dogecoin whales have gone on an accumulation spree, which could fuel the next major expansion wave. Whales Buying Data shared by the popular crypto analyst Ali Martinez indicated that these large market participants have scooped up over 1.14 billion tokens over the past 96 hours alone. In terms of USD value, the stash is worth $112 million at current prices. Martinez suggested that whales “appear to be positioning for a bullish breakout” even though the meme coin reached its first major barrier at $0.098 after its 15% weekly rally. The asset remains at that significant level at press time, where roughly 28 billion DOGE previously traded, which makes it an important resistance. The bulls have been quite dominant as of late, especially since the asset rebounded from the sub-$0.07 lows marked in mid-August. It has challenged the same resistance on several occasions since then but...