Dogecoin (DOGE) and Shiba Inu (SHIB) became one of the most profitable meme tokens this week. The data suggests that this surge is also supported by some whale transactions. Whale deals
According to Santiment, most altcoins recorded a significant rebound in market capitalization in July. The site mentioned that there is a huge increase in transactions with whales in the amount of 100 thousand dollars. The tracker added that DOGE is one of those tokens that see these large transactions on the networks.
MyDoge wallet reported that over 80 thousand Dogecoin transactions have been registered in the last 24 hours. Earlier, the founder of DOGE stressed that a huge surge in the number of transactions reached about 70,000. This was reported as an increase of 59.49% over the last week. Dogecoin Whale Alert also highlighted that Robinhood may have moved about 3.2 billion DOGE (worth about $218 million) to its cold storage.
The Dogecoin trading volume has increased by 62% in 24 hours, the Dogecoin price has jumped by more than 13% in the last 24 hours. At the time of publication, it is trading at an average of 0.0745 dollars. Nevertheless, the trading volume of DOGE increased by more than 62% in 24 hours and amounted to $ 904 million. DOGE prices have increased by more than 22% in the last 30 days. Its total market capitalization currently stands at $9.89 billion.
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