Dogecoin DOGE is a popular memecoin in the crypto market. The Dogecoin has weakened a bit since last week’s rise, But during this period there was a huge increase in whale transactions in Doge coins. Dogecoin’s Whales (Big investors) are again active in the crypto market.
Dogecoin DOGE: Whale Transactions Rise
According to the on-chain data tracking website IntoTheBlock, Dogecoin has seen a big jump since numerous whales became active. Now Dogecoin has climbed 49.78% in one day.
The number of large transactions, meaning those worth $100,000 or more, rose from 1,030 on Sunday to 1,310 on Monday.
DOGE’s total transaction volume increasesd from $921.39 million (6.84 billion Dogecoin) to $1.38 billion (9.91 billion Dogecoin). These increases have not had any impact on Dogecoin, and now currently, Dogecoin’s price is $0.14.
Conclusion
Dogecoin DOGE price has decreased recently, however, Dogecoin has seen increased prices by big investors. The overall Dogecoin price has remained stable, which leaves market experts confused on DOGE’s current situation.
Also Read:- Shiba Inu Whale Transactions Spike Despite Drop in SHIB Activity
