Dogecoin has witnessed a strong uptick in whale accumulation this week, with large investors aggressively increasing their holdings. On-chain analytics platform Santiment reveals that wallets holding between 100 million and 1 billion DOGE have ramped up their balances this week, which is one of the most notable buying sprees in recent weeks.

This accumulation coincided with Dogecoin’s push from $0.26 on September 15 to briefly crossing above the $0.28 level on September 18, suggesting that whale activity has been an important factor in the token’s latest rally.

Whales Add About 1 Billion DOGE To Holdings

According to Santiment’s data , whales in the balance category of 100 million to 1 billion DOGE boosted their combined holdings from 26.48 billion DOGE on September 15 to

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