CandleFocus 1.1 Billion DOGE in One Hour, What's Going On?
2024-11-29
Author: Content Editor
Dogecoin (DOGE) has experienced a surge in activity, with three large transactions totaling 1.1 billion DOGE occurring between unknown wallets in a short period. The transactions, worth over $445 million, have sparked speculation about the nature of the transfers, with possibilities including exchanges, institutional investors, or consolidation of holdings. The increased activity among "whales" or institutional holders is reflected in a 41.12% surge in Dogecoin's large transaction volume in the last 24 hours. The current price of DOGE is $0.41, with potential for further gains if it surpasses $0.44 or declines if it falls below $0.369.
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