Crypto
Dogecoin whale holdings hit record high, May 20 percent rise scenario
Dogecoin whale holdings hit a record high in late April as the token’s price rebounded, raising expectations of further gains in May. On-chain data from Santiment showed wallets holding at least 100 million DOGE collectively held 108.52 billion DOGE, worth about $11.6 billion. Santiment also counted 739 transfers above $100,000 on April 28. Technical analysis points to a possible move toward about $0.131, while a failure at resistance could send prices back toward $0.088.
