Dogecoin Whales Desert Market: Number Of $100,000 Transactions Nosedives 70% 🐋
The price of Dogecoin has been pressured downward recently, showing a decline of over 25% in the past week with DOGE valued around $0.246.
On-chain data indicates that large Dogecoin investors, or 'whales', have significantly decreased their market activity. Transactions over $100,000 have reduced by nearly 70% since November 2024.
This retreat by whales is affecting Dogecoin's price recovery, though some hopeful accumulation among investors has been noted.
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