Santiment analyzed that DOGE whale activity on on-chain data was recorded as the most active in 6 months. Santiment stated, "In the last 24 hours, 739 transactions of over $100,000 occurred. Additionally, 149 wallets holding over 100 million DOGE collectively hold 108.5 billion DOGE (approximately $11.6 billion), which is the largest amount ever. It explained that the increased accumulation by whales is likely linked to the recent upward trend in price."
