Dogecoin

bullish

Million

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A festival of whale on-chain activity continues for popular meme cryptocurrency&nbsp;<a href="https://u.today/dogecoin-doge-creator-outbids-13-million-bitcoin-prediction-by-michael-saylor">Dogecoin (DOGE)</a> as, according to data from&nbsp;<a href="https://app.intotheblock.com/coin/DOGE/deep-dive?group=all&amp;chart=all">IntoTheBlock</a>, its key metric - volume of large transactions - reached over $812 million in the last 24 hours. Moreover, this figure is 83.53% higher than the day before and 113.6% higher than the day before that.&nbsp;
Digging deeper, it turns out that the amount of DOGE transacted by whales totaled 8.1 billion coins, an increase of 74.56% over the last 24 hours.&nbsp;
<img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="c99a53dc-d557-45bd-82c3-a5215658e506" src="https://u.today/sites/default/files/inline-images/dogecoin_8.png">Source: <a href="https://app.intotheblock.com/coin/DOGE/deep-dive?group=all&amp;chart=all">IntoTheBlock</a>
Large transactions are those that are no less than $100,000, and there were 898 of them in the period under review. Taking this into account, the average whale transaction on DOGE was 9,020,044 coins, or $905,178.17. This means that, on average, a whale transaction was nine times more than the minimum required.&nbsp;
<h2 dir="ltr" id="what-s-attracting-whales-to-doge-right-now">What's attracting whales to DOGE right now?</h2>
To answer this question, it is necessary to take a look at the price chart of the major meme cryptocurrency. Apart from the fact that since the beginning of the week DOGE quotes have risen by 6.5%, one can notice how a giant falling wedge pattern is forming on the chart.&nbsp;
As previously described by U.Today, this pattern, if confirmed, could result in a more than 50% spike for the&nbsp;<a href="https://u.today/elon-musk-stuns-dogecoin-community-with-epic-doge-post">DOGE price</a>, taking it as high as $0.15 per meme coin.
<img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="bcd4adda-791d-41d6-86db-e09a2e3dba33" src="https://u.today/sites/default/files/inline-images/DOGEUSDT_2024-09-10_19-08-21.png">Source: <a href="https://www.tradingview.com/x/8Mf12bIX/">TradingView</a>
With bullish whale activity and a no less bullish pattern forming on the price chart of the popular meme cryptocurrency, the future looks bright for&nbsp;<a href="https://u.today/scam-alert-fake-dogecoin-stream-takes-over-youtube-ahead-of-apples-iphone-16-launch">Dogecoin</a>, but only time will tell.

Dogecoin (DOGE) Skyrockets $812 Million in 24 Hours of Bullish Whale Activity

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