Is the spring of Dogecoin coming? .........Recent whale transactions of Dogecoin have triggered market speculation, boosted investor sentiment and raised hopes that the price of Dogecoin will rebound from the recent plunge.
As the leader in the field of meme coins, the price of Dogecoin has gained significant traction today amid a large number of whale transactions.
Notably, according to recent data, Dogecoin whales have accumulated a large amount of DOGE from cryptocurrency exchanges.
Meanwhile, this update comes amid the recent plunge in the price of Dogecoin as well as the wider cryptocurrency market, sparking discussions about the potential reasons behind the hoarding.
In addition, the recent series of transactions has also triggered optimism among market participants that the price of Dogecoin may rise in the coming days.
According to the on-chain transaction tracking platform Whale Alert, two whale transactions have appeared recently, sparking market interest.
Notably, in the first transaction, an unknown DOGE whale appeared with the wallet address "DDuXG..." 1wwKF has accumulated 150 million DOGE, worth more than $21.28 million, from Robinhood.
Meanwhile, in another transaction, the same whale accumulated 76.31 million DOGE, worth about $10.76 million, from the same cryptocurrency exchange.
These transactions from the same whale reflect the growing interest of market participants in the leading memecoin.
Meanwhile, the memecoin industry has gained significant attention recently, as evidenced by its price surge.
It is worth noting that the recent surge in interest is evidenced by the price surge of not only leading memecoins such as Dogecoin and Shiba Inu, but also new players such as MEW, BOME, WIF.
Dogecoin Price and Performance
Recent whale transactions by the same whale have sparked speculation about his motives in the cryptocurrency market, especially about the price of Dogecoin (DOGE). In market discussions, investors focus on DOGE The potential recovery in prices has prompted them to consider a “buy the dip” strategy amid the recent cryptocurrency crash.
Such trades typically push up cryptocurrency prices and boost investor confidence in DOGE.🐳qun蟋瑀薇:1983211157 Despite recent high trading volume, Dogecoin price fell 2.31% to trade at $0.1386, while trading volume surged 30.05% to $1.03 billion in the past 24 hours. DOGE price fell more than 12% in the past 7 days and fell about 34% on a monthly basis.
In the past 24 hours, DOGE price has reached a high of $0.1460 and a low of $0.1360 in the past 24 hours, reflecting the continued volatility in the meme coin space.
