CandleFocus

Dogecoin (DOGE) Hit by Rare On-Chain Anomaly: What Happened?

In the past 24 hours, there has been an increase in the number of large transactions in Dogecoin (DOGE), with a jump from 571 to 717. However, despite the increase in transactions, the total value of these large transactions actually decreased. This anomaly is likely due to a decrease in the average size of these transactions. Nonetheless, the average size is more than 10 times higher than typical Dogecoin transactions, indicating that there is still significant activity from whales in the Dogecoin market.

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