During the last two weeks of April, Dogecoin's whales have added over 100 million dogs to its balances. However, this does not seem to have anything to do with the recent announcements of Elon Musk or Hype.
It looks more like a pure accumulation phase, while the rest of the market is disturbed. Popular crypto analyst Alí Martinez shared with his over 130k+ follow -up, who last week alone has added more than 100 m doge to Dogecoin, sharing the cripple data.
This means an increase in participation from 10.42 billion to DOGE to 10.55 billion, which is a significant shift to wallets that usually fly under the radar.
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During the same window, Doge rose from $ 0.145 to $ 0.176 – 21% – profit – without retail, which usually controls these demonstrations. The price was moving, but the volume remained quiet. There is no cycle or tictory noise, just capital rotates behind the scenes.
Dogecoin market prospect
According to Coingecko, Doge has been modest, growing 1.9% over the last 24 hours and 2.9% in the weekly chart. There is plenty of room for growth, given that the Doge is 75%of all time in May 2021.
This rise in prices means that Doge is kind in the midst of rumors that the Tesla board wants to quietly replace Elon Musk.
According to the WSJ report, Tesla board members used CEO search companies to investigate the CEO, which was triggered by Muski's attention to the Government's Efficiency Department (DOGE).
The report stated that the directors faced Musk directly, calling for him to publicly give him to Tesla. But the company quickly shot back.
“This is absolutely wrong (and the media was notified before the report was published). Tesla's CEO is Elon Musk and the board is very confident in its ability to continue filling up an exciting growth plan for the upcoming growth.”
It is worth remembering that Dogecoin is accepted for paying for Tesla goods. This integration has been in real time since 2022, which allows users to direct their wallets directly and deals with Tesla's own Doge payment infrastructure.
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