Dogecoin ($DOGE) Sees Whale Transactions Jump 110% Amid Ongoing Price Rally
Top transactions involving Dogecoin ($DOGE) have more than doubled in the past 24 hours, driven by a meme-backed cryptocurrency price spike inspired by Tesla CEO Elon Musk, who wrote a 9 share on Twitter with 2% bought. Data from IntoTheBlock, first spotted by Benzing, shows that DOGE whales have funneled their funds into a large transaction worth just $100,000, more than doubling since the start of the week. Overall, the meme-inspired cryptocurrency has made 479 whale transactions in the last 24 hours, with the largest transaction being: 269 million DOGE worth more than $39 million. In the last seven days, $1.87 billion was transferred to the Dogecoin network. The big problem comes at a time when DOGE's value is rising along with the huge cryptocurrency market. The data shows that DOGE has grown by 36.8% in the last 30 days and by more than 13% in the last week. In the last 24 hours alone, DOGE is up 5.8%, partly due to Tesla CEO Ilan Musk acquiring 9.2% of Twitter. Musk now ...