Meme-inspired cryptocurrency Dogecoin ($DOGE) recently jumped more than 10% in price
Over the past week, there has been increasing activity from large cryptocurrency investors, colloquially known as whales, who are showing growing interest in cryptocurrency.
Transactions of DOGE whale, a meme-inspired cryptocurrency worth more than $100,000, nearly doubled in one 24-hour period after speculation grew around the potential approval of exchange-traded funds traded on spot Ether, according to data from blockchain analytics firm IntoTheBlock.
The data also shows an increase in the volume of DOGE carried by these whales, from 9.74 billion to 17.97 billion over the same period.
Adding to the intrigue, the long-dormant Dogecoin whale, holding 893,303 DOGE (about $145,101), transferred its funds after a decade of inactivity around the same time, marking the whale's first transaction since May 2014 involving the transfer of 23,338 DOGE worth about $4,000 on Binance, the world's leading cryptocurrency exchange.
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