Dogecoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/whales-keep-dogecoin-active-despite-price-drop" data-wpel-link="internal" rel="noopener noreferrer nofollow">Whales Keep Dogecoin Active Despite Price Drop</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/ai-predicts-dogecoins-2024-price" data-wpel-link="internal" rel="noopener noreferrer nofollow">Dogecoin</a> (<a href="https://en.bitcoinhaber.net/dogecoin-faces-resistance-as-prices-fluctuate" data-wpel-link="internal" rel="noopener noreferrer nofollow">DOGE</a>), the leading <a href="https://en.bitcoinhaber.net/investor-profits-from-ethervista-token-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">memecoin</a>, recently faced an 18% decrease from its peak last Saturday. However, on-chain data from Santiment indicates that the enthusiasm among major investors remains robust. Despite large holders cashing out just before the price surge, their engagement with the network continues to be remarkably high.</p>
<h2 style="text-align: justify" id="strong-why-are-whale-transactions-surging-strong"><strong>Why Are Whale Transactions Surging?</strong></h2>
<p style="text-align: justify">There has been a notable uptick in wallet addresses on the Dogecoin network, with on-chain activity hitting its highest point in seven months. The activity is largely driven by whales executing transactions exceeding $100,000, showcasing their sustained interest even in light of the recent price decline.</p>
<h2 style="text-align: justify" id="strong-what-does-this-mean-for-dogecoin-s-future-strong"><strong>What Does This Mean for Dogecoin’s Future?</strong></h2>
<p style="text-align: justify">The high level of whale activity is a strong indicator of potential future price shifts. Although Dogecoin has seen fluctuations, the sustained transactions from large investors suggest that they continue to play a vital role in influencing market trends.</p>
<p style="text-align: justify">Recent statistics reveal the following key points:</p>
<ul>
 <li>63,689 active wallet addresses have engaged in numerous transfers over three days.</li>
 <li>1,203 whale transactions occurred just before the price peak on September 28, marking a significant activity spike.</li>
 <li>Dogecoin’s trading volume surged by 42.59% to $1.31 billion during a 24-hour period, despite an 8.64% price drop.</li>
</ul>
<p style="text-align: justify">As of now, DOGE is valued at $0.1082, reflecting recent market volatility. The sustained whale activity suggests that Dogecoin may still have significant movements ahead, despite current price challenges.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/whales-keep-dogecoin-active-despite-price-drop" data-wpel-link="internal" rel="noopener noreferrer nofollow">Whales Keep Dogecoin Active Despite Price Drop</a></h5>

Whales Keep Dogecoin Active Despite Price Drop

Table of Contents

BH NEWS

Other articles published on Oct 2, 2024

Moscow probes Cryptex, UAPS just days after US sanctions

New Cryptocurrency Releases, Listings, & Presales Today – Royal Finance Coin, Cryptify AI, Dynachain

Why Caroline Ellison Was Sentenced to Two Years in Prison

Bitcoin Holds Critical 21-Week EMA Support as Traders Eye $66,000 Resistance

Bitcoin traders see $54K BTC price or lower amid Middle East tensions

Top Analyst Claims XRP Price Will Hit $1000, Believes It’s Only A Matter of Time

Join our free newsletter for daily crypto updates!