What led to the surge in Dogecoin price?

Dogecoin has skyrocketed over 77% this week.

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The recent rally coincides with increased DOGE accumulation among large investors, known as whales.

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Dogecoin's price surge aligns with historical trends observed before previous Bitcoin halvings.

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The number of addresses holding over 100,000 DOGE has risen since January, while there's been a slight decrease in addresses holding over 1 million DOGE.

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Similar market trends as the Dogecoin demonstrating significant gains are playing out in other memecoins like Shiba Inu, Pepe, and Bonk.

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