Advertisement &nbsp &nbsp One American citizen by the name of Keith Johnson is taking Elon...

According to a May 4 Schedule 13D filing with the Securities and Exchange Commission, 18 firms have agreed to fund Elon’s acquisition of Twitter with a $7.139 Billion investment boost.

Kevin O'Leary has distributed 20% of his total wealth to cryptocurrencies.

Dogecoin has been on a downtrend for more than six months now. The meme coin which found favor in the eyes of investors had been able to rally to new highs but has been unable to replicate this success. Nevertheless, this has not been a deterrent for investors who continue to pour money into the digital asset. Most notable have been the whales as they accumulate massive amounts of Doge through its downtrend. Dogecoin Whales Not Giving Up Dogecoin is a long way from its $0.7 all-time high but that does not mean that investors believe that the digital asset is done for. In fact, Dogecoin whales themselves look to be the biggest believers of the meme coin given how much they have bought recently. These whales which hold the majority supply of the digital asset continue to add to their holdings at what can only be described as ‘discount prices.’ Related Reading | Bitcoin Jumps To $40k As Putin Sees “Positive Movement” In Negotiations IntoTheBlock documents cryptocurrencies and what percentages are held by larger wallets. Data from the site shows that Dogecoin whales have been ramping up their buying during the recent downtrend. Dogecoin which had recently crumbled to the $0.11 point saw a significant uptick in trading volume as these large wallets went on a shopping spree. DOGE trading at $0.115 | Source: DOGEUSD on TradingView.com Over a 24-hour time frame, these wallets had raised their holdings by another 6.8% putting the current percentage of Doge held by whales at 66%. It is a significant uptick given the low momentum that has rocked the altcoin of late. Doge has lost more than 60% of its all-time high value, presenting a buying opportunity for those interested. Still Making Money Even at what is categorized as low prices given how high the meme coin had rallied last year, the majority of Dogecoin holders are in no way losing money. IntoTheBlock shows that 54% of all Doge holders are still in profit at current prices. Inversely, 45% of all holders are in the loss territory, so not much of a wide gap from their money-making counterparts. While only 1% remain in the neutral territory. Related Reading | Bitcoin Falls Below $40,000 Trimming The Gains From US Crypto Order As for market sentiment, indicators point to investors being mostly bearish in the digital asset. However, this does not seem to deter the meme coin’s whales as they have added millions of dollars worth of coins to their holdings. This move on the part of whales could point to a recovery trend in the near future. However, with so many investors still bearish, it may require higher accumulation numbers than currently recorded to move the needle that much. Featured image from Laptop Mag, chart from TradingView.com

The Israeli authorities seized 30 cryptocurrency wallets from 12 accounts on suspicion that they were funding the terrorist group Hamas.

Dogecoin, the meme cryptocurrency that seeks to be a global payment method, has in recent years taken off primarily as a digital tipping tool for sending minuscule amounts of value. Dogecoin co-founder Billy Markus believes the future of the dog-themed cryptocurrency is bright as it is primed to fix the internet. Markus On Dogecoin Becoming […]

Altcoins and stablecoins have downsized Bitcoin’s dominance as a means for paying for goods and services online by 27%. This is according to a new report released by Bloomberg, citing data from BitPay. According to BitPay, Ether accounted for 15% of all global payments at merchant stores while stablecoins accounted for 13%. Dogecoin, Shiba Inu, […]

The crypto market cap is down by roughly $100 billion in a day as bitcoin and most altcoins went on another ride south.

Dogecoin soared over 17% few hours after Elon Musk announced payment acceptance of DOGE for Tesla merchandise. Tesla’s store records massive ‘sold out’ on many items. DOGE briefly reclaimed $0.2 resistance hours after Elon’s tweet. Two days ago, the CEO of Tesla, Elon Musk, announced on Twitter that the company has started accepting Dogecoin as a […]

Memecoin markets added 5% in the past 24 hours according to the latest analysis that we have in today’s altcoin latest news. Dogecoin had a good week jumping more than 20% in the past week and 14 other meme coins surpassed DOGE’s weekly jump as a few other tokens saw triple-digit spikes in the past […]

The reveal came first from the company’s website, with its support section disclosing the addition of the cryptocurrency as a payment option. “What can I buy from Tesla with Dogecoin? Look for the Dogecoin symbol next to the “order” button for Dogecoin-eligible products,” reads the section. Elon Musk later confirmed the news, sending the DOGE […]