DOGE sees a 41% increase in whale transactions
Despite a surge in whale activity, Dogecoin’s price remains under pressure, trading at approximately $0.174.
Dogecoin (DOGE) has seen a 41% increase in whale transactions over the past 24 hours. Large holders have moved over 60.9 billion DOGE, according to IntoTheBlock data. It marks a seven-day high, indicating heightened activity among major investors.
Despite the surge in transactions, DOGE’s price remains under pressure, trading at approximately $0.174, reflecting a 1.24% decline. The increase in whale activity suggests strategic positioning by large holders, possibly in anticipation of future market movements.
Analysts are monitoring the situation closely. They note that while whale accumulation often precedes price rallies, the current market outlook remains cautious. The decline in trading volume by over 24% to $826.67 million further suggests a wait-and-see approach among investors.
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