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Dogecoin (DOGE) Large Transactions Jump 41%, What Are Whales up To?
The post Dogecoin (DOGE) Large Transactions Jump 41%, What Are Whales up To? appeared on BitcoinEthereumNews.com. Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Dogecoin (DOGE) whales have massively increased their transactions within the last 24 hours, stirring curiosity in the ecosystem. According to IntoTheBlock data, over 60 billion DOGE have been transacted as whales actively engage in trading. DOGE whales on move The whales have moved 60.9 billion DOGE valued at $23.35 billion in the last 24 hours. This represents a 41% surge in the period under review. The transactions factor in inter-wallet transfers, movements between exchanges and outright sales of DOGE. Related Of these, 9,410 large transactions were recorded, highlighting the frenzy of DOGE whales. Generally, such high-volume transactions indicate preparation for anticipated upward price movement. That is, it appears the whales are anticipating a price rally in the future. As of this writing, DOGE has dipped slightly in price in the last 24 hours. According to data, DOGE has slipped by 6.01% to trade at $0.3275 amid market volatility. The coin’s price has fluctuated between a high of $0.3517 and a low of $0.3265 before settling at the current level. Market watchers consider the current price to come as DOGE has entered a consolidation phase. This phase may persist for a few weeks before DOGE experiences a sustainable price breakout. They opine that the coin mirrors its 2017 cycle, and DOGE whales might be buying the dip. Are whales…
The post Dogecoin (DOGE) Large Transactions Jump 41%, What Are Whales up To? appeared on BitcoinEthereumNews.com.
Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Dogecoin (DOGE) whales have massively increased their transactions within the last 24 hours, stirring curiosity in the ecosystem. According to IntoTheBlock data, over 60 billion DOGE have been transacted as whales actively engage in trading. DOGE whales on move The whales have moved 60.9 billion DOGE valued at $23.35 billion in the last 24 hours. This represents a 41% surge in the period under review. The transactions factor in inter-wallet transfers, movements between exchanges and outright sales of DOGE. Related Of these, 9,410 large transactions were recorded, highlighting the frenzy of DOGE whales. Generally, such high-volume transactions indicate preparation for anticipated upward price movement. That is, it appears the whales are anticipating a price rally in the future. As of this writing, DOGE has dipped slightly in price in the last 24 hours. According to data, DOGE has slipped by 6.01% to trade at $0.3275 amid market volatility. The coin’s price has fluctuated between a high of $0.3517 and a low of $0.3265 before settling at the current level. Market watchers consider the current price to come as DOGE has entered a consolidation phase. This phase may persist for a few weeks before DOGE experiences a sustainable price breakout. They opine that the coin mirrors its 2017 cycle, and DOGE whales might be buying the dip. Are whales…
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