Dogecoin (DOGE) has been struggling during the two-month crypto-wide retracement, but some key on-chain metrics suggest that the meme coin could be preparing for a major move.

Surging Activity and Huge Accumulation

The number of wallets holding at least 1 million DOGE has been increasing, a strong indication that whales, or large cryptocurrency holders, have been accumulating the meme coin, according to on-chain data.

#Dogecoin whales, holding >=1M $DOGE, have been accumulating massively during this period. 🐳

The number of wallets holding this amount of meme coin has seen a strong increase, especially in the last two months.

Usually, such accumulation phases precede major price rallies. https://t.coдурковув