Dogecoin

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<a href="https://u.today/doge-12-up-as-close-to-half-billion-dogecoin-goes-to-coinbase-and-robinhood" rel="noopener noreferrer nofollow">Dogecoin (DOGE)</a>, the famous meme-inspired cryptocurrency, is experiencing a surge in large transactions in the last 24 hours, indicating potential activity from major investors, or "whales."
According to data from&nbsp;<a href="https://app.intotheblock.com/coin/DOGE/deep-dive?group=all&amp;chart=all" rel="noopener noreferrer nofollow">IntoTheBlock</a>, the total value of these large transactions, exceeding $100,000, nearly doubled in the past 24 hours, jumping from $1.53 billion to a staggering $3.01 billion. This translates to a significant rise in the volume of DOGE being moved by these whales, from 9.74 billion to 17.97 billion coins.
This surge in whale activity coincides with growing speculation about a potential Dogecoin ETF. The recent optimism surrounding the&nbsp;<a href="https://u.today/raoul-pal-delivers-epic-prediction-for-ethereum-all-time-high" rel="noopener noreferrer nofollow">Ethereum ETF</a> has fueled rumors that DOGE could be next in line for its own regulated investment vehicle. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="e907d90c-7390-42b1-9e93-a8bc6438c690" src="https://u.today/sites/default/files/inline-images/dogecoin_1.png">Source: <a href="https://app.intotheblock.com/coin/DOGE/deep-dive?group=financials&amp;chart=largeTransactions" rel="noopener noreferrer nofollow">IntoTheBlock</a>
<h2 dir="ltr" id="why-is-dogecoin-etf-possible">Why is Dogecoin ETF possible?</h2>
Dogecoin appears to have several factors working in its favor for ETF approval. Unlike some other cryptocurrencies, DOGE is not suspected of being a security, its futures are already approved by the U.S. Commodity Futures Trading Commission (CFTC) and it boasts a healthy market capitalization of $24 billion, ranking it as the eighth largest cryptocurrency.
Interestingly, Billy Markus, one of the creators behind&nbsp;<a href="https://u.today/dogecoin-doge-creator-breaks-silence-on-dogecoin-etf" rel="noopener noreferrer nofollow">Dogecoin</a> under the pseudonym Shibetoshi Nakamoto, has even chimed in on the ETF rumor with a lighthearted "amusing" remark.&nbsp;
Whether fueled by these rumors or not, the recent surge in whale transactions suggests heightened interest in&nbsp;<a href="https://u.today/dogecoin-doge-history-points-to-mega-rally-ahead" rel="noopener noreferrer nofollow">DOGE</a>, and investors are watching closely to see if this translates to a price increase.

DOGE Skyrockets 100% in Whale Transactions Amid Dogecoin ETF Rumors

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2024년 5월 22일에 게재된 다른 기사

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