Dogecoin, a cryptocurrency inspired by a meme, sees significant activity from large-scale investors, known as "whales."
Recent data indicates a near doubling in the value of large transactions within 24 hours.
According to IntoTheBlock, transactions over $100,000 surged from $1.53 billion to approximately $3.01 billion.
Dogecoin Large Transaction Volume. | Source:IntotheBlock
The volume of DOGE transferred by whales rose from 9.74 billion to 17.97 billion coins, showing heightened investor activity in the Dogecoin ecosystem.
This spike in whale transactions aligns with rising speculation about a potential Dogecoin ETF.
The crypto community's discussions about an Ethereum ETF have fueled talks of a similar fund for DOGE.
A post by a crypto enthusiast, Vee, on X, pointed out Dogecoin's non-security status and broad adoption as ideal traits for an ETF.
Billy Markus, Dogecoin's co-creator, humorously remarked that a Dogecoin ETF would be "amusing," reflecting its playful origins while acknowledging its serious investment potential.
Dogecoin is trending upward in the global crypto market, with an 11.2% increase over the past week and a modest 0.7% rise in the last 24 hours, currently trading at $0.168.
DOGE price is moving upside down on the 4-hour chart. Source: DOGE/USDT onTradingView.com
Analysts are monitoring Dogecoin's market behaviour.
Ali, a prominent analyst, noted that DOGE is approaching a critical resistance level, suggesting possible upward movement.
He bases his observation on DOGE's breakout from a descending triangle pattern, a sign of potential bullish market behaviour.
Another analyst from Crypto Daily Trade Signals identified a symmetrical triangle pattern, reinforcing growth potential. Immediate resistance is near $0.15950, with further resistance at $0.16980 and $0.18440.
Dogecoin transactions surge as ETF speculation grows, indicating increased investor interest and activity.
The SEC has delayed decisions on several crypto ETFs, including Bitcoin, Ethereum, Solana, XRP, Litecoin, and Dogecoin, pushing most deadlines into October. Regulators are working on new listing standards that could allow faster approvals of altcoin ETFs once rules are finalised.
WeatherlyElon Musk is continuing his transformation of X into a multifunctional super app, modeled on Chinese like WeChat.
XingChiWFP USA is now accepting over 80 cryptocurrencies for donations to support its Emergency Hunger Relief Fund, targeting $25 million to aid 58 million people facing starvation. This move aims to modernise fundraising, reduce transaction fees, and speed up donations to tackle the global hunger crisis.
WeatherlyTrump’s latest tariffs have rattled global markets, with critics calling them more misguided than his Strategic Bitcoin Reserve plan. In 44 trading days, the tariffs have wiped out over $11 trillion from the US stock market, and the global crypto market has fallen over 11%. Can crypto survive under this administration?
KikyoElon Musk denied US government plans to adopt Dogecoin, stating D.O.G.E. was named through online consultations to improve efficiency. Following his remarks, Dogecoin's price fell nearly 10% in a week. Is Musk’s support for the meme coin fading?
KikyoHouse of Doge’s 10M DOGE purchase boosts mainstream adoption, making Dogecoin a faster payment option. The Official Dogecoin Reserve will serve as a liquidity pool for global merchants. Bullish indicators suggest a potential 16% price surge.
KikyoThe SEC confirmed that Bitcoin mining does not involve securities and does not require registration. This decision removes uncertainty for miners and reflects a policy shift under new leadership.
WeatherlyDogecoin, born as a playful crypto parody, has grown into a global force with a generous community. Beyond its meme origins, it has spent more than a decade supporting charities and grassroots causes. How far has its philanthropy reached?
CatherineAn IndyCar team co-owned by David Letterman will showcase a Dogecoin-themed car at this year's Indianapolis 500, with fans choosing the wrap design.
CatherineRobinhood Trivia Live is offering over $2 million in Bitcoin and Dogecoin prizes this Wednesday and Thursday. Will this become a weekly competition or a just one-time game?
CatherineMusk's tweet impacts Dogecoin: Despite DOGE's rollercoaster ride, Musk's recent tweet fails to uplift prices, signaling market uncertainty.
Huang BoDogecoin GigaWallet v1.0 streamlines DOGE payment integration for mass adoption, as Dogecoin Foundation aims to boost utility. With impending integration into the X platform, DOGE sees bullish momentum despite meme coin competition.
Xu LinDogecoin (DOGE) shows growth in new addresses, business adoption, and user popularity, contributing to its resilience in the cryptocurrency landscape.
EdmundThe fund has five custodians, with Marshall Hayner (the newest member of the DF Board of Directors) being one of them.
cryptopotatoAdding payments would expand Twitter's commercial potential beyond its Twitter Tips feature, launched in partnership with Strike.
BeincryptoFollowing the news, both TWTR and DOGE saw price surges.
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BitcoinistDogecoin had grown mainly off the back of billionaire Elon Musk’s shilling. By this time last year, the meme coin ...
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