Whales bought significant amounts of Dogecoin (DOGE), Injective (INJ), and PAAL AI (PAAL), highlighting the increased interest in these coins. DOGE saw its whale addresses rise from 660 to 671 over the last week, alongside a 5% price increase, bringing its market cap near $47 billion.

INJ experienced renewed whale accumulation, with key address numbers climbing steadily, coinciding with a 6% weekly price gain and a $2 billion market cap. Meanwhile, PAAL surged 94% in 30 days, driven by the crypto-AI narrative.

Dogecoin (DOGE)

The number of addresses holding between 10 million and 100 million DOGE increased from 660 on December 20 to 671 on December 26, reflecting a continued trend of whale accumulation. This growth coincides with a 5% rise in DOGE price over the last seven days, bringing its market cap close to $47 billion.

The steady increase in large holders highlights growing interest among key market participants, which could potentially support the token’s price stability.

However, Dogecoin 24-hour trading volume has declined by 7.5%, suggesting a decrease in immediate market activity. Despite this, the ongoing accumulation by whales indicates sustained confidence in the asset, potentially laying the groundwork for future price growth.

If the trend of accumulation continues, DOGE may maintain its upward momentum, but the drop in volume also warrants caution, as reduced trading activity could limit near-term price volatility.

Injective (INJ)

After a period of inactivity, whales have resumed accumulating Go to Source to See Full Article
Author: Tiago Amaral