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March 18, 2025

Dogecoin Millionaires Accumulate During Dips as 30% Rally Looms

Dogecoin millionaires have become more active during recent market dips, accumulating additional holdings as the price fluctuates. After a significant decline from a December peak of $0.48, these wealthy holders showcase confidence in an imminent recovery for DOGE. Onchain metrics reveal a rise in wallets holding at least 1 million DOGE since early February. This trend suggests increasing belief in a rebound as Dollar-cost averaging becomes a common strategy among large holders.

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