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Mr.Abrash

12/01 04:45

Worrying Dogecoin activity! According to data fro

Worrying Dogecoin activity!

According to data from Santiment, the whale transaction count, which involved over $1 million positions, dropped heavily in the past two months. The number declined from 285 to below 38 when writing.

The decrease meant the institutions and influential individuals were easing their involvement with the DOGE market. That way, prices have stayed below 2024 pre-election levels in this two-month retracement.

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Since then, the overlaid price action of Dogecoin has dropped from $0.271 to as low as $0.13. Such major drops have marked key market turns in the past, but was that aligning with any other on-chain signal?
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