Dogecoin has skyrocketed over 77% this week.
The recent rally coincides with increased DOGE accumulation among large investors, known as whales.
Dogecoin's price surge aligns with historical trends observed before previous Bitcoin halvings.
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.
Similar market trends as the Dogecoin demonstrating significant gains are playing out in other memecoins like Shiba Inu, Pepe, and Bonk.