Suddenly, I found that Dogecoin started to act like a demon again. DOGE trading activities surged, with more than 1.93 million transactions in the past week. Who is buying and selling Dogecoin crazily? Musk and his friends? Why are there still so many people buying and selling Dogecoin? Obviously, there is no ecological construction. It is just an old meme coin. At present, Musk has only verbally empowered it a few times, and he has not really dared to fully open it to buy Tesla with doge. Why is doge still so active?
On September 19, according to Coindesk, IntoTheBlock data showed that DOGE's network transaction volume exceeded 1.93 million in the past week, surpassing other popular tokens such as Shiba Inu, floki, and pepe. This is the highest weekly transaction volume of the cryptocurrency since early July. However, the current transaction volume is still lower than the peak level so far in 2024, that is, the weekly transaction volume in February soared to more than 10 million transactions.
