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Dogecoin stabilizes at $0.14, whales increase purchases by 300% with 218 million coins
【Crypto World】Dogecoin has recently stabilized around $0.14 amid multiple positive factors. The most eye-catching is the whale activity—buying volume surged by 300%, with 218 million Dogecoins (equivalent to $31 million) purchased in just 12 hours. This large-scale operation directly eased the pressure from short sellers, and market sentiment has noticeably improved.
Institutions are also active. Grayscale’s Dogecoin Trust ETF recorded its highest single-day inflow—$7.55 million. This indicates that professional investors are taking Dogecoin seriously, no longer just a retail game.
Another point worth noting is ecosystem development. The Dogecoin Foundation announced a strategic partnership with a Japanese company, aiming to create real-world asset solutions and payment infrastructure. If this materializes, it will be significant for Dogecoin’s application prospects.
From a technical perspective, if it can break through the $0.145 resistance, the next target range is between $0.15 and $0.16. This market movement warrants continued observation.