Whale DOGE Beraksi Lagi, Apa yang Menanti Memecoin Ini di Depan?
Release: 2024/05/23 13:24 Reading: 516
Dogecoin Whales Drive Surge in Activity
Dogecoin (DOGE) has recently seen a significant spike in activity from large-scale investors, commonly referred to as whales. According to NewsBTC, this increased activity is reflected in the value of large transactions nearly doubling in the past 24 hours, indicating growing interest in the memecoin.
DOGE Whales Make Their Move
Data from IntoTheBlock shows a dramatic increase in transactions exceeding $100,000. Over the past 24 hours, the total value of these large transactions jumped from $1.53 billion to approximately $3.01 billion. This substantial surge highlights the renewed interest and involvement of large investors in the Dogecoin ecosystem.
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Concurrently, the volume of DOGE moved by whales has also experienced a significant uptick. This volume grew from 9.74 billion to 17.97 billion DOGE coins, suggesting higher levels of activity and movement within the Dogecoin market.
These increases signal that whales are increasingly viewing DOGE as a viable investment opportunity, possibly in anticipation of future market developments.
Speculation Surrounding Potential Dogecoin ETF Approval
The surge in whale transactions coincides with growing speculation within the crypto community regarding the potential approval of a Dogecoin exchange-traded fund (ETF). Recent excitement surrounding the possible approval of an Ethereum ETF has sparked discussions about DOGE being the next cryptocurrency to have its own ETF.
Such a development would mark a significant milestone for Dogecoin, further legitimizing its standing in the broader financial markets.
Commentary from the Crypto Community
Amidst these rumors, a notable post by crypto enthusiast Vee on X suggested that Dogecoin's non-security status and widespread adoption make it an ideal candidate for an ETF.
The post highlighted the dual nature of traditional financial institutions' interest in Dogecoin, noting both its potential benefits and drawbacks.
Billy Markus, one of Dogecoin's creators, humorously commented on the speculation, noting that a Dogecoin ETF would be "hilarious." While DOGE originated as a joke, his comment does not diminish the serious investment potential that the memecoin holds, as evidenced by recent market trends.
Dogecoin's Market Movements
Dogecoin has followed the upward trend of the overall crypto market, gaining 11.2 percent over the past week. However, in the past 24 hours, this gain has been a modest 0.7 percent, with DOGE currently trading around $0.168. This price action suggests cautious optimism among investors, mirroring the wider market sentiment.
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