Dogecoin price has seen a slight recovery, bouncing back 3% after dropping 16% from its peak of $0.245 on August 24. Analysts highlight a noticeable increase in whale activity, as large holders are accumulating Dogecoin during this market correction. The 50-day average of large transfers, valued at $100,000 or more, has reached a five-month high, indicating growing interest from significant investors. Additionally, wallets holding between 1 million to 10 million DOGE have increased by 33, signaling confidence among larger players. This uptick in whale investments is partly attributed to the Trump family-backed acquisition of a Dogecoin mining firm, ostensibly sparking further interest in the asset. Experts note that while the current conditions may present short-term pullbacks, the overall sentiment remains bullish, reflecting Dogecoin's resilience as a cultural asset capable of rebounding during downturns.

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