Active Dogecoin Whales: DOGE Transactions Over $1 Million Soar More Than 600%

Dogecoin (DOGE), the leading cryptocurrency in market capitalization among memecoins, is standing out with its growing development, increasing user adoption and impressive milestones in its ecosystem.

Cryptocurrency analytics platform IntoTheBlock has observed the intense activity of Dogecoin whales over the past month, showing impressive growth of over 600%. “Dogecoin whales are active! The number of $DOGE transactions exceeding $1 million has increased by over 600% in the last 30 days!”

The survey highlighted that the recently obtained data is not only a massive increase, but also marks the highest number of million-dollar Dogecoin transactions since the top of $DOGE in May 2021, according to the analysis, on March 21.

Dogecoin whales are active! The number of $DOGE transactions larger than $1 million increased by more than 600% in the last 30 days! pic.twitter.com/6yrgnta9Da

— IntoTheBlock (@intotheblock) March 21, 2024

Renowned cryptocurrency analyst Ali Martinez shared data on March 21 about the Dogecoin cryptocurrency. According to dataDogecoin meme coin whales purchased 25 million DOGE tokens in the last 72 hours, worth around $3.75 million.

Number of Dogecoin millionaires is skyrocketing

Amid this recent growth, the number of Dogecoin millionaires has skyrocketed, according to a survey shared by analytics platform, IntoTheBlock, on March 6. According to data, the number of millionaires holding the meme cryptocurrency Dogecoin is skyrocketing in recent days.

The platform noted that the number of addresses holding more than $1 million in DOGE tokens increased by 76% in 30 days. At the time, the analysis showed that there were more than 1,000 Dogecoin millionaires. In its monthly development, DOGE price showed an impressive increase of 78.7%.

At the time of publication, the price of Dogecoin was quoted at US$0.1474, down 4.4% in the last 24 hours. During this period, the meme cryptocurrency recorded a trading volume of US$3,367,494,104. DOGE price has increased by 10.0% in the last seven days alone.

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