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Whales in Dogecoin: Excitement Over Transaction Volume Exceeding Millions of Dollars!
As whale activity continues to increase in Dogecoin, low prices seem to attract investors' attention.
With the drop in Bitcoin and cryptocurrencies yesterday, the market is bleeding. Despite appearing to lag behind other meme coins lately, Dogecoin (DOGE), once the most popular meme coin, is showing the opposite with whale activities.
Crypto analyst Ali Martinez, using Santiment data, shared whale activity in Dogecoin on June 7th.
The analyst used the following statements in his remarks on the subject:
Dogecoin whale activity is increasing! Over the past 24 hours, more than 150 DOGE transactions, each exceeding 1 million dollars, have been recorded.
While significant progress is being made in transactions exceeding one million dollars, Dogecoin is being criticized by investors for its recent poor performance.
According to CoinGecko data, despite a 2.7% increase in the price of Bitcoin in the last 7-day period, DOGE showed a 9% loss. DOGE is currently finding buyers at the level of $0.146.

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