Dogecoin Whaling Activity Increases: Will the Rising Come?

Dogecoin, which is the leader in meme coin assets, is undergoing an important activity for the rise. #Dogecoin whale activities have gained upward momentum again. The Meme coin community is wondering whether there will be a new rise.

Floki, Pepe, and many other alternative memes have turned their attention to Dogecoin due to the rise of coin projects. DOGE, which adopted calmer rallies after rising above 0.10 cents, wants to separate from the market.

Dogecoin whale activity has increased tremendously in the last 24 hours. While the #DOGE price consolidated around $0.16, more than 150 whale transactions worth over $1 million were recorded.

In an unprecedented turn of events, Dogecoin whale activity has increased tremendously over the past 24 hours. According to a post shared by a famous crypto market analyst, whale transactions worth over $1 million have increased noticeably.

This increase in on-chain activity comes amidst a period of consolidation witnessed by #DOGE near the $0.16 price level.

Whale Transaction Exceeding 1 Million Coins

In a post shared by well-known crypto market analyst Ali Martinez, he highlighted that 151 Dogecoin whale transactions took place in the last 24 hours. This significant increase in on-chain whale activity has triggered a wave of optimism for the cryptocurrency, underscoring the growing confidence in the asset among large-scale investors.

Whale data from Santiment shows that the increase in transactions started once again after June 2, when #DOGE fell to the $0.15 price level. Additionally, despite the meme coin's signs of consolidation, whale activity continued to increase. $BTC $DOGE