Dogecoin Whale Transactions Reach 3 1/2-Month High Dogecoin is seeing renewed activity from whales, or large holders of the meme-focused cryptocurrency, according to on-chain data tracked by analytics firm IntoTheBlock.The number of transactions with a value of at least $100,000 rose to 2,440 on Monday, the highest since Jan. 14.
"The number of large transactions is a relevant metric tracking the count of transactions greater than $100,000," IntoTheBlock's explainer says. "Since this sum of money is not available to the average retail trader on-chain, the indicator acts as a proxy to the number of whales' and institutional players' transactions."The agreement to buy Twitter (TWTR) by Elon Musk, the billionaire CEO of Tesla (TSLA) and SpaceX, was announced Monday, and could have galvanized whale activity in dogecoin.
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@Doge_ShibaInu
