Dogecoin (DOGE) On-Chain Activity Remains Strong Despite Recent 18% Price Dip

COINOTAG news reports that on October 2, Santiment shared on social media that Dogecoin (DOGE) is witnessing significant market movements, having dropped 18% from its peak price on Saturday. Despite this decline, on-chain data reveals that whales are maintaining their bullish stance on DOGE, a leading meme coin in the cryptocurrency ecosystem. While profit-taking activities by whales occurred prior to the peak, their presence within the DOGE network remains notably high. This sustained involvement by whales highlights continuous interest and potential future upward trends for DOGE.