Whale DOGE Beraksi Lagi, Apa yang Menanti Memecoin Ini di Depan?

Dogecoin (DOGE) has recently witnessed a significant surge in activity from large-scale investors, commonly referred to as whales.

NewsBTC reports that this heightened activity is reflected in large transactions, which have nearly doubled in value over the past 24 hours, indicating growing interest in the memecoin.

DOGE Whales on the Move

According to data from IntoTheBlock, transactions exceeding $100,000 have witnessed a dramatic uptick. In the past 24 hours, the total value of these large transactions has jumped from $1.53 billion to approximately $3.01 billion. This substantial increase highlights renewed interest and involvement from large investors in the Dogecoin ecosystem.

Concurrently, the volume of DOGE moved by whales has also seen a significant increase. This volume has expanded from 9.74 billion to 17.97 billion DOGE coins, indicating higher levels of activity and movement in the Dogecoin market.

These increases suggest that whales are increasingly viewing DOGE as a viable investment opportunity, possibly in anticipation of future market developments.

Speculation of Potential Dogecoin ETF Approval

This spike in whale transactions coincides with growing speculation within the crypto community regarding the potential approval of a Dogecoin exchange-traded fund (ETF). Recent enthusiasm surrounding the possible approval of an Ethereum ETF has sparked discussions about DOGE becoming the next crypto to have its own ETF.

Such a development would mark a significant milestone for Dogecoin, further legitimizing its standing in the broader financial market.

Crypto Community Commentary

Amidst these rumors, a notable post by crypto enthusiast Vee at X suggested that Dogecoin's non-security status and widespread adoption make it an ideal candidate for an ETF.

The post highlighted the dual nature of traditional financial institutions' interest in Dogecoin, noting both its potential benefits and drawbacks.

Billy Markus, co-creator of Dogecoin, humorously commented on the speculation, noting that a Dogecoin ETF would be "hilarious." Despite DOGE's origins as a joke, his comment does not diminish the serious investment potential that the memecoin holds, as evidenced by recent market trends.

Dogecoin Market Movements

Dogecoin has been following the upward trend of the overall crypto market, with an 11.2 percent increase over the past week.

However, over the past 24 hours, this increase has been a more modest 0.7 percent, with DOGE currently trading around the $0.168 mark. This price action suggests cautious optimism among investors, mirroring the broader market sentiment.