Santiment Announces! Whales Are Flocking This Altcoin! “Record Seen!”

Bitcoin (BTC) and altcoins continue to fluctuate, affected by macroeconomic events of the past week.

While many altcoins have turned green again in the last 24 hours, cryptocurrency analysis platform Santiment noted a surge in whale activity in one particular altcoin.

At this point, Santiment noted that whale activity in Dogecoin (DOGE), the largest memecoin, had reached its highest level in six months.

This is interpreted as a potential bullish signal for DOGE.

According to Santiment data, DOGE whale activity has reached its highest level in the last six months. Santiment reported 739 transactions exceeding $100,000 in the last 24 hours.

It was also noted that 149 wallets holding more than 100 million DOGE collectively possessed 108.5 billion DOGE, worth approximately $11.6 billion, marking an all-time high.

Santiment suggested that this increasing accumulation by whales could be linked to an upward price trend for DOGE.

While Santiment points to upside potential, some analysts have issued a warning signal. Popular analyst Ali Martinez said, “TD Sequential is giving a sell signal in Dogecoin.”

*This is not investment advice.

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