Disturbing developments have been observed behind the scenes of the popular meme cryptocurrency Dogecoin (DOGE). According to IntoTheBlock's metrics tracking inflows and outflows to the wallets of large investors, i.e., those holding at least 0.1% of the circulating supply of DOGE, whales have significantly reduced their on-chain activity since the beginning of September.
In particular, the inflows have decreased from 229.49 million to 27.96 million DOGE per day, a decrease of 87.81%. As for outflows, the statistics are as follows — outflows from the wallets of major investors fell to 17.42 million DOGE from 181.29 million tokens, that is, by 80.7%.
card
As a result, the net flow of Dogecoin into whale wallets is 10.54 million DOGE, four times less than the day before.
