Dogecoin Whale Shifts 693M DOGE, Fortifying 33% Market Upswing

Over $50,000,000 worth of DOGE shifted by one cryptic whale ended up with crypto bulls taking back the steering wheel.

Dogecoin (DOGE) tapped its 6-month high today, approximately 1 day and 9 hours ago since one cryptocurrency whale had shuffled a whopping 690 million Dogecoins between two crypto wallets.

This unusual whale activity was spotted by WhaleAlert, whilst the on-chain signals for DOGE also point to an increasing number of large transactions over the last 7 days, now standing at $1.87 billion, according to blockchain analytics enterprise IntoTheBlock. 

Meanwhile, Dogecoin’s daily price channel has DOGE jumping above three key support lines. Fetching 8% gains in the last 24-hour period, DOGE had been trading in an ascending parallel trading channel in the last 30 days. Dogecoin (DOGE) towered to the $0.08 price range on November 11, 2023, but didn’t break resistance on the first attempt to break the 8-cent barrier.