Dogecoin Whales On The Move: Transactions Surge More Than 50% Amid ETF Speculation

Dogecoin Whales On The Move: Transactions Surge More Than 50% Amid ETF Speculation
Dogecoin (DOGE), a meme-inspired crypto, has recently experienced a significant surge in activity from large-scale investors, commonly known as “whales.” Recent data shows that the value of substantial transactions has nearly doubled in the last 24 hours. Related Reading: Dogecoin Bulls On The Rise: Analyst Highlight Path To $0.2 Dogecoin Transactions Soar As ETF Speculation Intensifies According to data from IntoTheBlock, the value of these large transactions exceeding $100,000 has significantly increased within the past 24 hours. This dramatic increase saw the total value surge from $1.53 billion to roughly $3.01 billion. Concurrently, the volume of DOGE transferred by these whales expanded from 9.74 billion to 17.97 billion DOGE coins, indicating a marked uptick in investor engagement and movement within the Dogecoin ecosystem. This significant uptick in whale transactions coincides with mounting speculation in the crypto community regarding the potential approval of a Dogecoin ETF. The enthusiasm around a possible Ethereum ETF has sparked conversations about DOGE being the next cryptocurrency to have its exchange-traded fund. Amidst the rumors, a notable post by a crypto enthusiast, Vee, on X suggested that Dogecoin’s non-se ..

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