The largest cryptocurrency holders increased their Dogecoin holdings by more than 620 million over the past week

Over the past week, the largest cryptocurrency holders have increased their Dogecoin holdings by more than 620 million. Obviously, crypto whales expect further growth of the meme cryptocurrency.

According to the IntoTheBlock platform, the number of addresses holding 100 million to 1 billion DOGE has increased by 5.13% over the past 7 days. In addition, 6 whales joined the largest Dogecoin investors, purchasing more than 620 million DOGE during the same period.

At the time of writing, DOGE is trading at $ 0.06, up 2.58% over the past day and almost 2% over the week. In addition to the growing popularity of the meme cryptocurrency among investors, another important event for Dogecoin took place — last week, DOGE became the second PoW digital asset by market capitalization, all thanks to the transition of ethereum to PoS. «Who would have thought this would happen. Congratulations #Dogefam,» one DOGE fan tweeted. However, not all members of the cryptocurrency community were happy about Dogecoin’s achievement. One user emphasized that there is no point in taking the crypto industry seriously from now on, as meme tokens have «gone too far.»

In addition to DOGE whales, the owners of BTC have also increased their cryptocurrency holdings. Yesterday it became known that bitcoin whales bought $ 3.12 billion worth of bitcoin overnight, expecting the flagship cryptocurrency to grow in the future. Immediately after the Fed announced a 75 basis point increase in interest rates, bitcoin whales began to actively increase their holdings. Many managed to buy BTC at the lowest price of $ 18,500.