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Cryptocurrency News Articles
Dogecoin: Whales Drive Recent Surge, Coinbase Listing Looms
Mar 23, 2024 at 10:36 pm
Dogecoin's recent surge in value has caught the attention of many investors, with whales driving the momentum. The news of Dogecoin whales going on a shopping spree, purchasing a significant amount of the coin, has stirred up excitement in the crypto community. As speculation grows, the anticipation of a potential Coinbase listing looms, adding fuel to the already booming Dogecoin market.
Dogecoin: What's the Deal with the Recent Whale Activity?
Hey there, folks! You won't believe what's going down in the Dogecoin world. Our furry friend has seen a decent 2% jump in value over the past day, adding to its already impressive 80% monthly gains.
Dogecoin Whales on a Shopping Spree
Get this: crypto whiz Ali Martinez just dropped some juicy info on Twitter. Apparently, Dogecoin whales have been on a buying spree, scooping up a whopping 25 million DOGE in the past three days. That's a cool $3.75 million!
Million-Dollar Transactions Surge
But that's not all. Data from Intotheblock shows a huge spike in Dogecoin transactions over $1 million. In the past month alone, these millionaire transactions have skyrocketed by over 600%!
Back to the Moon?
This surge is a big deal because it marks the highest number of millionaire transactions since Dogecoin's peak in May 2021. Could this be a sign that the meme coin is poised for another run at the moon?
Coinbase Gets Ready to Play
In a surprising move, Coinbase Derivatives LLC has filed certifications with the CFTC to list US-regulated futures contracts for Dogecoin. That means big players could soon be able to bet on Dogecoin's price.
What's Next for Dogecoin?
With whales buying, institutions getting involved, and a potential Coinbase listing, Dogecoin's journey is definitely one to keep an eye on. Could this be the start of a new chapter for the beloved meme coin? Only time will tell, folks.
Disclaimer: This is not financial advice. Do your own research before making any crypto moves.
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