Over the past week, it witnessed a noticeable increase in activity from adult holders, which usually indicates smart money movements. According to the data on the series of the series, the addresses that include between 100 million and 1 billion dusk added about 740 million dusks, at a value of more than $ 180 million.
More than that, one whale moved 200 million dusks (worth more than $ 45 million) to and from a private portfolio. These types of movements usually reflect a long -term look, instead of short -term speculation.
Data also supports these feelings, which indicates that the addresses that carry DOGE for more than a year are increasing steadily. Long -term holders now represent approximately 42 % of the total circulating offer, which is a large increase compared to 30 % last year.
In addition, whale transactions that exceed $ 100,000 have increased by more than 320 % in the past two weeks, indicating founding or high network interest. These often precede the vast purchases of the important market movements, especially when associated with decreasing exchange reserves, which Dogecoin has been constantly witnessed in May.
