Dogecoin (DOGE) is gaining momentum as whale activity reaches a six-month high, with the cryptocurrency trading near $0.108. Analysts suggest a potential move towards $0.115 if the price maintains its current support levels. Whale transactions exceeding $100,000 surged to 739 in a single day, indicating strong interest from large holders. The total holdings of whale wallets, each containing over 100 million DOGE, have reached an all-time high of 108.52 billion DOGE, valued at approximately $11.80 billion. Institutional interest is also rising, with five DOGE ETFs and ETPs now active globally. Derivatives data shows increased activity, with open interest climbing 7% to $1.71 billion, and short liquidations hitting $4.54 million, adding pressure on bearish positions.
Dogecoin Eyes $0.115 as Whale Activity Peaks
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