Dogecoin (DOGE) has seen a 100% increase in large transactions over the last 24 hours, indicating significant activity from major investors or "whales." According to IntoTheBlock, transactions exceeding $100,000 surged from $1.53 billion to $3.01 billion, with the volume of DOGE moved rising from 9.74 billion to 17.97 billion coins.

This spike coincides with speculation about a potential Dogecoin ETF, fueled by recent optimism surrounding an Ethereum ETF. Several factors favor DOGE for ETF approval: it is not considered a security, its futures are approved by the U.S. Commodity Futures Trading Commission (CFTC), and it has a market capitalization of $24 billion, making it the eighth largest cryptocurrency. Billy Markus, Dogecoin's co-creator, humorously commented on the ETF rumors.

The surge in whale transactions suggests growing interest in DOGE, and investors are keen to see if this will lead to a price increase.