27.78 bn Dogecoin (DOGE) In 24 Hours Stacked By Whales

Dogecoin (DOGE) is experiencing mixed performance, with a price drop of 8.35% in the past 24 hours and a 96% surge in trading volume to $1,696,311,945 due to a $1 million transaction surge.

According to data from crypto analytics platform IntoTheBlock, Dogecoin whale transactions have soared by 46.6% in 24 hours, acquiring $4.2 billion DOGE. These massive buyups account for a total of 27.78 billion bags by large traders, with trade sizes representing $100,000 or more.

Dogecoin is considered one of the top 10 coins with a high affinity for whale buyups, and the 27.78 billion coins purchased are considered a vote of confidence by these buyers. The lowered coin price is considered a vote of confidence for the asset, whose market value dropped as low as $0.145 in the trailing seven-day period.

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