Dogecoin

when

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It seems that holders of large positions in the most popular meme cryptocurrency,&nbsp;<a href="https://u.today/dogecoin-doge-brutally-denied-at-011-whats-next" rel="noopener noreferrer nofollow">Dogecoin,</a> are running out of patience, and there are a number of confirmations of this, especially behind the scenes at DOGE.&nbsp;
According to on-chain data provided by&nbsp;<a href="https://app.intotheblock.com/coin/DOGE/deep-dive?group=ownership&amp;chart=all" rel="noopener noreferrer nofollow">IntoTheBlock</a>, the volume of large transactions increased by nearly a billion tokens yesterday, and in dollar terms from $1.02 billion to $1.15 billion. Only transactions of $100,000 or more were taken into account, and there were more than 1,100 such transactions over the course of the day.&nbsp;
Although at first glance the statistics look encouraging and indicate the increased participation of whales in Dogecoin turnover, more detailed data reveals a slightly different picture.
As indicators of outflows and inflows to wallets with at least 0.1% of the circulating supply of&nbsp;<a href="https://u.today/207-billion-dogecoin-in-one-week-whats-happening" rel="noopener noreferrer nofollow">DOGE</a> show, the numbers for the former were much higher in the past day.&nbsp; <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="3b3c3946-b133-4e1d-8ccf-72b8028ebf80" src="https://u.today/sites/default/files/inline-images/dogecoin_10.png">Source: <a href="https://app.intotheblock.com/coin/DOGE/deep-dive?group=ownership&amp;chart=all" rel="noopener noreferrer nofollow">IntoTheBlock</a>
Thus, in addition to the fact that outflows amounted to 133.99 million DOGE against 110.52 million DOGE inflows in 24 hours, the former grew by 502.81% during the period, while the latter grew by only 295.74%. This may indicate that major investors in Dogecoin have a rather negative sentiment toward the main&nbsp;<a href="https://u.today/doge-pepe-and-wif-stunned-by-this-meme-coin-liquidation" rel="noopener noreferrer nofollow">meme cryptocurrency</a>. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="382da74e-5bbf-42ac-a95d-8e84fd85c902" src="https://u.today/sites/default/files/inline-images/dogeusdt_5.png">DOGE to USDT by <a href="https://coinmarketcap.com/currencies/dogecoin/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
This event may be related to the failed breakout in the price of DOGE, when it initially spiked almost 17% after many months of downtrend. However, the rally was then cut short, and Dogecoin has since plunged more than 14%, almost back to where it was two weeks ago.&nbsp;
As a result, the metric showing the net flow to whale wallets went into the negative zone in the last day, with a value of -23.47 million DOGE.

Dogecoin (DOGE) Whales Run out of Patience: Details

U_Today

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