🚨 Dogecoin (DOGE) Update: Whale Activity Plummets! 🚨
Recent data reveals a significant drop in Dogecoin whale activity. Since the start of September, major investors—those holding at least 0.1% of DOGE's supply—have drastically cut their on-chain movements. Here's a breakdown:
📉 **Inflows**: Down by 87.81% from 229.49M to 27.96M DOGE/day
📉 **Outflows**: Dropped by 80.7% from 181.29M to 17.42M DOGE/day
📉 **Net Flow**: Reduced to 10.54M DOGE, a dramatic decrease from previous levels
Historically, September can be tough for cryptocurrencies due to market adjustments post-summer. However, Dogecoin has often performed well during this period, with an average profitability of 11.3% compared to Bitcoin's -6.21%.
Will this reduced whale activity signal a shift in DOGE's performance? As always, major price movements will likely involve big players. Stay tuned! 📈👀
