Dogecoin has seen significant purchasing by notable investors, as highlighted by technical analyst Ali Martinez on X, reporting that a major Dogecoin investor bought 200 million DOGE on June 4, 2024. This follows a purchase of over 700 million DOGE within a mere 72 hours reported on May 31. Although Dogecoin’s price dipped from $0.16 to around $0.14 in early June—a 12.5% decrease—during a broader market downturn triggered by Bitcoin’s fall below $70,000, the number of significant Dogecoin transactions rose from 975 to 1,520, suggesting a rising optimism in its market potential. Continued interest from large-scale investors might set new market trends and potentially propel Dogecoin to a new high of $0.22 if the momentum continues.
BlockDAG Leads with 1120% Value Surge While Stellar and Dogecoin Trail
