Dogecoin

Billion

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<p dir="ltr">The Dogecoin (DOGE) ecosystem is seeing mixed performance with a slip in price but with intense accumulation by the meme coin’s whales. At the time of writing, the price of Dogecoin is&nbsp;<a href="https://coinmarketcap.com/currencies/dogecoin/" rel="noopener noreferrer nofollow">down by 8.35%</a> in the past 24 hours, to $0.1475. The coin’s trading volume has, however, managed to maintain a 96% surge to $1,696,311,945 amid a $1 million&nbsp;<a href="https://u.today/dogecoin-doge-sees-epic-surge-of-1-million-transactions-whats-going-on" rel="noopener noreferrer nofollow">transaction surge</a>.</p>
<h2 id="27-billion-whale-boost">27 billion whale boost</h2>
<p dir="ltr"><a href="https://app.intotheblock.com/coin/DOGE/deep-dive?group=financials&amp;chart=largeTransactions" rel="noopener noreferrer nofollow">According</a> to data from the crypto analytics platform IntoTheBlock, Dogecoin whale transactions have soared by 46.6% in 24 hours. At this rate, a total of $4.2 billion DOGE has been acquired by whales thus far.</p> <img data-entity-type="file" data-entity-uuid="26f9cc77-79bd-4d39-adfb-ceef98d95ecf" src="https://u.today/sites/default/files/inline-images/Dogecoin%20Whale%20Transactions.jpg"><a href="https://app.intotheblock.com/coin/DOGE/deep-dive?group=financials&amp;chart=largeTransactions" rel="noopener noreferrer nofollow">Dogecoin Whale Transaction Chart. Source: IntoTheBlock</a>
<p dir="ltr">These massive buyups account for a total of 27.78 billion bagged by these large traders whose trade size represents $100,000 or more. Dogecoin has always been tagged in this frontline as it is considered one of the coins in the top 10 with a&nbsp;<a href="https://u.today/200-million-doge-heres-what-dogecoin-whales-are-doing" rel="noopener noreferrer nofollow">high affinity for whale buyups</a>.</p>
<p dir="ltr">Despite the strain in the coin’s breakout potential in recent times, the 27.78 billion coins purchased is considered a vote of confidence by this group of buyers. The lowered price of the coin is considered a vote of confidence for the asset whose market value dropped as low as $0.145 in the trailing seven-day period.</p>
<h2 id="what-s-next-for-dogecoin">What's next for Dogecoin</h2>
<p dir="ltr">Dogecoin is one of the most volatile digital currencies in the market today with a very reactive community. At the moment, the coin’s momentum is determined by the general pace in the market with the major determinant being&nbsp;<a href="https://u.today/bitcoin-btc-all-time-high-incoming-derivative-traders-place-bold-bet" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC).</p>
<p dir="ltr">On its part, Dogecoin developers are mulling the <a href="https://u.today/dogecoin-developer-shares-important-ordinals-update-details" rel="noopener noreferrer nofollow">introduction of smart contract features</a> on MyDogeWallet. Two of the features being planned include Doginals and DRC-20 with upgrades set to be implemented on the browser extension of the wallet.</p>
<p dir="ltr">With more ingrained ecosystem functionalities, a new demand avenue for Dogecoin can be created, benefiting the entire meme coin community.</p>

27.78 Billion Dogecoin (DOGE) in 24 Hours Stacked by Whales, What's Happening?

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