Meanwhile, investors and long-term holders have begun accumulating the token, as revealed by on-chain analytics firm CoinGlass.
Data from the Spot Inflow/Outflow showed that exchanges witnessed a significant outflow of $31.38 million worth of DOGE in the past 48 hours.
This substantial outflow from exchanges suggests potential accumulation by investors and long-term holders, which could lead to increased buying pressure and further upside momentum.
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