Despite the weekend, the crypto market remains active, with significant growth in activity among Dogecoin's large holders in the last 24 hours.

Surge in Activity Recorded

A 1645% increase was noted in Dogecoin's network activity concerning large holders as reported by IntoTheBlock. The inflow to these addresses rose from 22.35 million DOGE to 367.82 million DOGE.

Position of Dogecoin's Large Holders

Behind this rise is the incoming of 405.82 million DOGE to large holder accounts, while outflows decreased by about 72 million DOGE. Such a divergence between inflows and outflows is uncommon.

Implications for the Dogecoin Market

Large investors, or 'whales,' show confidence in Dogecoin, increasing their holdings in the token. Currently, Dogecoin's price chart suggests a phase of accumulation, where low volatility allows for large volume purchases.

Reviewing the situation on the Dogecoin market, it appears that large holders are continuing to accumulate assets, which could impact the token's future price behavior.