CandleFocus Dogecoin (DOGE) Large Transactions Jump 41%, What Are Whales up To?
2025-01-09
Author: Content Editor
Dogecoin whales have increased their transactions, moving 60.9 billion DOGE valued at $23.35 billion in the last 24 hours. This represents a 41% surge in transactions, with 9,410 large transactions recorded. The high-volume transactions suggest anticipation of a price rally in the future. However, DOGE has dipped slightly in price, currently trading at $0.3275. Market watchers believe DOGE is in a consolidation phase and may experience a sustainable price breakout in the coming weeks. The coin's price performance mirrors its 2017 cycle and DOGE whales might be buying the dip in preparation for a rebound in March/April. It remains uncertain if Dogecoin will repeat history or if the whales have insider knowledge.
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