Dogecoin (DOGE) Hit by Rare On-Chain Anomaly: What Happened?

Dogecoin Anomaly: Large Transactions Increase, But Value Decreases

Over the past 24 hours, Dogecoin (DOGE) has experienced an unusual trend:

• The number of large transactions (over $100,000) surged from 571 to 717, an increase of 146 units.
• However, the total value of these large transactions decreased from 7.82 billion DOGE to 7.51 billion DOGE, a drop from $806.06 million to $754.08 million.

This divergence suggests that the average size of large transactions has decreased. Yesterday, they averaged around $1.41 million, but now they stand at $1.05 million.

Despite this decline, the average size of these transactions remains significantly higher than average Dogecoin transactions. This indicates continued large-scale activity.

While the volume of large transactions has decreased, their ongoing presence suggests that "whales" (large holders) remain active in the Dogecoin market. This trend highlights significant ongoing interest from these holders.