Crypto: Dogecoin trade flows surge 10.5%, rally on the horizon?

As the crypto market rebounds, it’s hard to miss Dogecoin’s impressive performance. In one week, DOGE has surged 7.6%, reaching a proud $0.1085. But beyond that gain, whale activity and exchange flows indicate that something bigger may be brewing. Could this finally be the famous memecoin’s moment to shine?

Whales push Dogecoin towards potential rally

Dogecoin, the pioneer of memecoins, continues to make headlines, notably thanks to a jump of 10.5% of its net flows on trade. This figure, far from being insignificant, is often synonymous with strong volatility to come, due to increasing pressure on supply and demand. If history is to be believed, Such an increase may signal a potential rise in the price of DOGE cryptowhich would explain the enthusiasm of investors.

• +10.5% net flow on trade;
• 73% of holders in profit;
• 57.86% of DOGE in the hands of large investors.

Moreover, The “whales” continue to accumulate, with more than 57% of the supply controlled by these market heavyweights. As the saying goes, when the big guys eat, there's a good chance the party will start for everyone!

Crypto and the bet of big investors

It seems that Dogecoin has captured the hearts of crypto whales, with these investors holding over $5 million in DOGE. With 73% of holders currently in profitthe mood is clearly bullish for the memecoin. This could lead to a boost in investor confidence, as the higher the gains, the more tempting the purchase becomes for other market participants.

The domino effect is therefore not far away, especially since major investors are betting on a lasting rally. It's just a matter of time before DOGE reaches new highs, some will say. So, will Dogecoin break through the $0.12 mark? Time will tell, but the signals are there.

As a reminder, last week, Dogecoin exploded with 1.93 million transactions, but its price is still waiting for a definitive takeoff. However, optimism is in order.