The price of Dogecoin (DOGE) has surged 25% within the last 48 hours, solidifying its lead as the top performer in the memecoin crypto markets.
Millionaire crypto whales have moved over $250 million worth of DOGE coins within the first two weeks of November.
Dogecoin (DOGE) saw a bullish rise on Saturday, November 18, which led to the cryptocurrency attracting more attention from investors. Significant new high investments in Dogecoin this week have been driven by an increase in high-risk trading, which could impact Dogecoin’s value in the future.
Crypto whales invested more than $250 million in Dogecoin in November.
Dogecoin celebrated its biggest Doge Day ever last November 2nd. Over the past two weeks, the price of DOGE has increased significantly, once again from $0.067 to $0.09.
A wave of new investors entering the market and a group of whales buying even larger shares of DOGE are credited with driving up the value of Dogecoin. The chart shows that as of November 1, wallets holding 10 million to 1 billion DOGE held a total of 44.63 billion coins.
