Dogecoin is seeing astounding price surges, with retail wallet holdings increasing while 108 whales re-enter the market to boost the rally further.

Dogecoin is experiencing a surge in market activity, driven by increased interest from retail investors only days after Donald Trump won the U.S. presidential election. Recent data from Santiment, a market intelligence platform, highlights a notable increase in smaller Dogecoin wallets over the past month.

The report revealed that wallets holding less than 100,000 DOGE have increased by 74,885 over the last 30 days. However, while retail activity accelerates, larger wallet categories, such as shark and whale accounts, have decreased by 350 during the same period.
Meanwhile, 108 whale wallets have recently re-entered the Dogecoin market, contributing to Dogecoin’s rally above $0.40, marking its highest level in over three years.
Santiment noted that sustained momentum for Dogecoin depends on simultaneous accumulation by both retail investors and large stakeholders.

The platform added that the coming days will be crucial in determining whether more sharks and whales will return to the market to support the ongoing rally.

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