In the space of one week, the price of Dogecoin has already pumped tremendously. The meme coin is already up more than 150% in a 7-day period to reach a new six-month high of $0.16. During this time, investors have no doubt taken advantage of the situation to actually sell some of their coins for a profit. Most notable of these have been the largest DOGE investors, who have dumped millions of dollars worth of tokens.
Shedding Some Weight
The top 50 Dogecoin holders have billions of dollars worth of tokens spread across them, and these investors have not been left out of the profit-taking. A marked increase in their selling patterns shows that they have been taking advantage of DOGE’s most recent price pumps.
These large whales who hold 63.71% of the crypto’s total supply have sold more than $110 million worth of tokens in the last week. It is a significant increase from their established selling…
