Dogecoin (DOGE) whales have significantly reduced their positions over the past year. According to the latest analysis by @intotheblock, the largest DOGE holders have cut their share from 45.3% to 41.3%.
Despite this reduction, DOGE has nearly doubled in price within the last 12 months, rising from $0.062 to $0.122.
Dogecoin whales are cutting positions!
-> According to the latest analysis by @intotheblock, the largest $DOGE whales have slashed their share from 45.3% to 41.3% over the past year
-> Meanwhile, $DOGE has almost doubled its price within the last 12 months from $0.062 to $0.122 pic.twitter.com/7MhrbUgjIl— CryptoPotato Official (@Crypto_Potato) June 19, 2024
Hayes’ Wallets Acquires Massive 92,339 PENDLE Tokens
In a related development, Arthur Hayes, founder of BitMex, recently announced via Twitter that he is adding $PENDLE and $DOGE to his investment portfolio. Following this announcement, one of Hayes’ wallets made a substantial purchase of 92,339.6 PENDLE tokens, valued at $554,000, through Wintermute.
Hayes transferred 2.05 million USDC to Wintermute and subsequently received 280 ETH, worth $1 million, and 92,339.6 PENDLE tokens. This move underscores Hayes’ confidence in the potential of these cryptocurrencies.
After Arthur Hayes(@CryptoHayes) tweeted that he is adding $PENDLE and $DOGE to his bags, one of his wallets bought 92,339.6 $PENDLE($554K) through #Wintermute.
He transferred 2.05M $USDC to #Wintermute, then received 280 $ETH($1M) and 92,339.6 $PENDLE($554K).… pic.twitter.com/wo2Sl4245B
— Lookonchain (@lookonchain) June 20, 2024
The strategic decisions by both the Dogecoin whales and Arthur Hayes highlight the dynamic nature of the cryptocurrency market, where major players continually adjust their positions in response to market trends and opportunities.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: archnoi1/123RF // Image Effects by Colorcinch
