Whale Alert, a blockchain sleuth, has detected several large Dogecoin transactions totaling over 500 million DOGE in the past 20 hours. One transfer of 142 million DOGE was sent to Coinbase, while the others were exchanged between anonymous addresses. In addition, analyst Ali Martinez has noted a bullish pattern on the Dogecoin chart, suggesting a potential 45% surge if the $0.35 support level holds. The recent surge in Dogecoin's price may be attributed to Elon Musk's appointment as the head of the Department of Government Efficiency and his positive tweet about Dogecoin. However, Dogecoin has since pulled back by nearly 12% and is currently trading at $0.38194.



Other News from Today