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<p dir="ltr"><a href="https://u.today/dogecoin-doge-turns-11-details" rel="noopener noreferrer nofollow">Dogecoin</a> (DOGE) is currently making waves and setting new records in market activity. Large holders have shifted 60.9 billion DOGE in the last 24 hours, indicating the meme coin’s bullish potential.</p>
<h2 id="soaring-doge-whale-activity">Soaring DOGE whale activity</h2>
<p dir="ltr">According to<a href="https://app.intotheblock.com/coin/DOGE/deep-dive?group=financials&amp;chart=largeTransactions" rel="noopener noreferrer nofollow">IntoTheBlock</a> data, Dogecoin's large transaction volume has increased by 40.1% in the last 24 hours. The large transaction volume amounted to $23 billion or 60.9 billion DOGE within this period.</p>
<p dir="ltr">The rise in whale transaction volume demonstrates investors' increasing confidence in the asset. This renewed confidence among whales would help maintain stability and more price boom soon.</p>
<p dir="ltr">According to IntoTheBlock's definition, large transactions refer to those greater than $100,000. A surge in the metric usually indicates strong buying or selling pressure. Intriguingly, it coincides with an outstanding increase in the price of DOGE.</p>
<p dir="ltr">As of this writing, DOGE is trading at $0.4476, up 4.3% in the last 24 hours. This increase has pushed weekly and monthly gains to 5.66% and 137.8%, respectively. The prevailing market performance shows Dogecoin may soon experience a price rebound.</p>
<p dir="ltr">Short-term traders might choose to bet on Dogecoin due to the increased volume. This move could lead to a further boost in market activity and prevent a sharp sell-off, which would have caused the price to fall.</p>
<h2 id="doge-shows-signs-of-bullish-holiday-season">DOGE shows signs of bullish holiday season</h2>
<p dir="ltr">Technically, DOGE's price recently broke through key resistance levels and began to exhibit indications of a possible bullish reversal. Rising volumes, a traditional sign of sustained momentum, support the ongoing price surge.</p>
<p dir="ltr">Moreover, Dogecoin's December<a href="https://u.today/doge-santa-rally-incoming-dogecoin-price-patterns-point-to-bullish-december" rel="noopener noreferrer nofollow">performance</a> over the past decade offers hope for bullish sentiment this year. For instance, DOGE recorded an outstanding 337.5% gain in December 2017 and a more moderate rally of 32.4% in 2020. Last year,DOGE’s price grew moderately by 7.01%. This historical trend now positions DOGE as a cryptocurrency to watch this holiday season.</p> <a href="https://u.today/609-billion-dogecoin-doge-in-24-hours-what-is-happening" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

60.9 Billion Dogecoin (DOGE) in 24 Hours, What Is Happening?

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