Price: $0.39336 3.6374%
Market Cap: 57.78B 1.7542%
Volume (24h): 8.74B 0.4%
Dominance: 1.7542%
Price: $0.39336 3.6374%
Market Cap: 57.78B 1.7542%
Volume (24h): 8.74B 0.4%
Dominance: 1.7542% 1.7542%
  • Price: $0.39336 3.6374%
  • Market Cap: 57.78B 1.7542%
  • Volume (24h): 8.74B 0.4%
  • Dominance: 1.7542% 1.7542%
  • Price: $0.39336 3.6374%
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.

Selected Topics

  • Dogecoin whale activity
    Dogecoin whale activity
    Get the latest insights into Dogecoin whale activities with our comprehensive analysis. Discover trends, patterns, and the impact of these whales on the Dogecoin market. Stay informed with our expert analysis and stay ahead in your cryptocurrency journey.
  • Dogecoin Mining
    Dogecoin Mining
    Dogecoin mining is the process of adding new blocks of transactions to the Dogecoin blockchain. Miners are rewarded with new Dogecoin for their work. This topic provides articles related to Dogecoin mining, including how to mine Dogecoin, the best mining hardware and software, and the profitability of Dogecoin mining.
  • Spacex Starship Launch
    Spacex Starship Launch
    This topic provides articles related to SpaceX Starship launches, including launch dates, mission details, and launch status. Stay up to date on the latest SpaceX Starship launches with this informative and comprehensive resource.
  • King of Memes: Dogecoin
    King of Memes: Dogecoin
    This topic provides articles related to the most popular memes, including "The King of Memes: Dogecoin." Memecoin has become a dominant player in the crypto space. These digital assets are popular for a variety of reasons. They drive the most innovative aspects of blockchain.