Dogecoin Whales Accumulate 200 Million Coins, Distributing a Portion of Investments to Dogecoin 20

Crypto tracker Whale Alert observed Dogecoin whales accumulating huge amounts of the meme token in the past hours.

This is surprising considering the overall bearish sentiment on the market two weeks before the halving. 

On the other hand, the market historically went through a dip weeks before the halving and the halving-induced bull run. Which might be the reasoning behind these accumulations.

Despite the whale buyers, DOGE is still painted in red, trading at around $0.17. This level seems to be a new support for the meme coin.

These million-dollar wallets also diversified a portion of their portfolio to a new Dogecoin 20 ($DOGE20) derivative. 

Some experts even believe that the low mcap DOGE iteration can provide more interesting results than the OG itself.

Let’s check it out in more detail.

>>>Learn more about Dogecoin 20 Now<<<

Whales Buying the DOGE Dip With 200 Million Coins – New Heights on the Way?

As we mentioned earlier, recent blockchain data reveals that major Dogecoin whales actively accumulated the meme crypto. 

Over the past 24 hours, two separate whale transactions have resulted in the collective accumulation of 201.41 million DOGE, worth approximately $34.68 million.

🚨 121,419,495 #DOGE (20,944,843 USD) transferred from #Robinhood to unknown wallethttps://t.co/hvYaqDHnIm

— Whale Alert (@whale_alert) April 3, 2024

The first transaction saw a whale acquire 121.41 million DOGE, valued at $20.94 million, while the second transaction involved the purchase of 80 million DOGE, worth $13.74 million. 

Interestingly, both transactions were done through Robinhood, a popular American trading platform.

These sizable purchases have fueled speculation among investors that the whales are attempting to buy the dip in Dogecoin’s price, suggesting a belief in the project’s potential for future price pumps. 

Additionally, the whales have diversified their investments, redirecting a portion of their funds into a new project Dogecoin 20, which draws inspiration from the original meme coin and has already raised over $10 million in its ongoing presale phase.

All of this activity point to a renewed interest in dog-based meme coins, which were in decline for the past few months due to the growth of Solana-based shitcoins.

>>>Learn more about Dogecoin 20 Now<<<

What is DOGE20 All About?

The whales showed growing interest in Dogecoin20, an ERC-20-based token that aims to build upon the foundation of the original Dogecoin. 

Unlike its predecessor, DOGE20 uses an environmentally friendly proof-of-stake consensus mechanism, addressing concerns about the carbon footprint associated with traditional mining methods.

One of the key features of DOGE20 is its fixed maximum circulating supply of 140 billion tokens, a significant departure from Dogecoin’s infinite supply model. 

This adjustment is intended to address the issue of potential inflation that has been a point of contention for some Dogecoin enthusiasts.

The DOGE20 team has also created a strict tokenomics structure, with 25% of the tokens dedicated to the ongoing presale, 25% allocated for marketing efforts, 25% reserved for the project’s treasury, 15% set aside for staking rewards, and the remaining 10% designated for providing liquidity on decentralized exchanges (DEXs).

This multifaceted approach to the token’s distribution and utility has piqued the interest of Dogecoin fans, who poured over $10 million into the coin during the ongoing presale phase.

DOGE20’s enhanced features and new staking infrastructure will provide passive income opportunities for investors, unlike the king of meme coins.

>>>Learn more about Dogecoin 20 Now<<<

Last Call for Investors as Dogecoin 20 Demand Skyrockets

The highly anticipated Dogecoin20 (DOGE20) presale has been met with overwhelming demand, with the project’s initial $10 million hard cap being reached in just one week. 

To accommodate the influx of late-stage investors eager to participate, the DOGE20 team has announced a “Last Chance to Buy” stage, providing a final opportunity to secure the tokens before exchange listings

The current price of DOGE20 during this last phase is $0.00022 per token, and investors can purchase the coins using Ethereum (ETH), Tether (USDT), or even traditional fiat currency directly through the project’s website. 

The rapid sellout of the presale highlights the strong interest and enthusiasm surrounding the DOGE20 project.  

As the presale comes to a close, those who have been waiting for the right moment to participate in the DOGE20 journey now have a final opportunity to stake their claim before the token’s official launch. 

>>>Learn more about Dogecoin 20 Now<<<

Dogecoin 20 Marketing Team Successfully Puts the Project on the Crypto Map 

The Dogecoin 20 project went straight into the core of crypto ethos, thanks to the tireless efforts of its marketing team. 

Through a comprehensive promotional strategy, the DOGE20 team has successfully placed the project on the radar of major crypto media outlets.

Recently, the popular YouTube channel 99Bitcoins, shared with his 700,000 subscribers a bullish video highlighting the features and potential of DOGE20, significantly boosting the project’s visibility. 

Additionally, the DOGE20 team has conducted an extensive marketing campaign, securing advertising placements on prominent crypto and financial media platforms, like CryptoSlate, Cointelegraph, and Business Insider.

This multifaceted approach to promotion aims to raise awareness and attract a broader audience to the DOGE20 ecosystem.

>>>Learn more about Dogecoin 20 Now<<<

The Conclusion

After months of Solana meme coins frenzy, traditional tokens like Dogecoin are finally seeing some renewed interest.

Dogecoin gained little to no attention during that period, however, recent transactions are pointing to a reversal.

As we approach the halving and DOGE Day, we can realistically expect both Dogecoin and the 20 derivative to push toward new heights.

Even though Dogecoin 20 might be a bit riskier investment, it can also provide better results than the OG due to the extremely low market cap and entry price. If that seems like your cup of tea, head on to the project’s website.