Price: $0.19409 -0.1559%
Market Cap: 28.47B 1.1095%
Volume (24h): 4.79B 0.2%
Dominance: 1.1095%
Price: $0.19409 -0.1559%
Market Cap: 28.47B 1.1095%
Volume (24h): 4.79B 0.2%
Dominance: 1.1095% 1.1095%
  • Price: $0.19409 -0.1559%
  • Market Cap: 28.47B 1.1095%
  • Volume (24h): 4.79B 0.2%
  • Dominance: 1.1095% 1.1095%
  • Price: $0.19409 -0.1559%
Home > Information news > Crazy 3 Billion DOGE Acquired by Dogecoin Whales in 24 Hours

Crazy 3 Billion DOGE Acquired by Dogecoin Whales in 24 Hours

Release: 2024/11/08 00:39 Reading: 208

Original author:U.Today

Original source:https://coinmarketcap.com/community/en/articles/672ce509e6b3d54cbb89f45b

Crazy 3 Billion DOGE Acquired by Dogecoin Whales in 24 Hours

Dogecoin: Whales Make Their Move

Data from IntoTheBlock reveals a significant surge in Dogecoin (DOGE) inflows to large investor wallets (holding over 0.1% of the circulating supply). In the past 24 hours, inflows totaled 2.96 billion DOGE, a 425.65% increase from the previous day's inflows of 563.83 million DOGE.

Interestingly, outflows from these same wallets also increased, reaching 2.15 billion DOGE. However, this 51.4% increase in outflows (730 million DOGE) was still outpaced by the surge in inflows.

Consequently, the net flow reached 811.45 million DOGE, a significant contrast to the negative net flow of -856.14 million DOGE the day before.

Despite selling pressure, this accumulation wave indicates continued interest in DOGE. The addition of 2.96 billion DOGE to whale wallets within a single day suggests a net accumulation trend, demonstrating confidence in the coin's short-term performance.

This surge in whale activity reinforces Dogecoin's popularity among major investors in the current market environment.

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