Yahya 
Whale activity among Dogecoin (DOGE) investors has exploded. On-chain expert Ali Martinez claims that over 150 DOGE transactions totaling more than $1 million each happened over the previous 24 hours.
Surge in High-Value Transactions
This surge in high-value transactions indicates a growing interest in Dogecoin among large investors. Based on CoinGlass statistics, Dogecoin’s 24-hour trade volume also surged dramatically by 47.62%. This climb to $1.32 billion points to increased investor involvement and market activity.
Increased Profitability Among Holders
Furthermore, according to IntoTheBlock, an impressive 84% of Dogecoin owners are now profitable at the current price. This large proportion of profitable ownership, with many investors enjoying gains, demonstrates the positive trend of Dogecoin.
Although the price trend for meme coins is down, it is previously revealed that DOGE whales had acquired 200 million DOGE since May 30. This intentional gathering by big players may indicate possible changes in Dogecoin’s terrain.
Market Position and Sentiment
Dogecoin, currently the eighth-largest cryptocurrency with a market capitalization of $23.10 billion, is trading at about $0.1478 , down 8.52% from the previous day. Despite this fall, strong whale activity and a clear rise in trade volume help to keep the market mood positive.
Whale investors’ actions significantly influence the direction of assets like Dogecoin as the bitcoin market shifts. The recent surge in high-value transactions and increased trade volume suggest that large investors are actively engaging with Dogecoin, potentially setting the stage for future market movements.