Dogecoin Rises Again, Bullish Signals from Whales

Dogecoin (DOGE) has seen a major spike in network activity, with high-value transactions reaching 60.9 billion tokens in a single day. This activity was driven by large investors or whales who predicted a bullish trend. However, DOGE's price remains pressured by the downward market trend.

Whale Investors Drive Dogecoin's Large Transaction Surge

DOGE has seen a significant increase in its network activity. In the past 24 hours, large investors or whales moved a total of 60.9 billion DOGE tokens. High activity like this is often an indication of high interest from major investors who predict a potential bullish trend in the near future.

According to data from IntoTheBlock, Dogecoin's large transaction volume increased by 41.2 percent in the past day. These large transactions refer to transactions worth more than US$100,000, which usually indicates strong buying or selling pressure in the market.