Whales in the Water in Dogecoin: The Number of Transactions Exceeding Million Dollars Excited!

As whale activity in Dogecoin continues to increase incessantly, low prices appear to be attracting investors' attention.

With the decline in Bitcoin and cryptocurrencies yesterday, the market is bleeding. Although Dogecoin (DOGE), the most popular meme coin of a period, seems to be lagging behind other meme coins lately, whale activities show the opposite.

Cryptocurrency analyst Ali included whale activity in Dogecoin in his Twitter post on June 7, using Santiment data.

In his statement on the subject, the analyst used the following statements:

Dogecoin whale activity is increasing! More than 150 DOGE transactions exceeding $1 million each were recorded in the last 24 hours.

While great progress has been made in transactions exceeding one million dollars, Dogecoin has been criticized by its investors for its recent poor performance.

According to CoinGecko data, although the Bitcoin price increased by 2.7% in the last 7-day period, DOGE showed a 9% loss in value. At the time of writing, DOGE is finding buyers at $0.146.