As the cryptocurrency market begins to stand in the bullish, Dogecoin is one of the biggest gainers. The two dog-themed coins, DOGE & SHIB emerged as one the biggest gainers. The data suggest that this surge is backed by some whale transactions.
According to the Santiment, most of the altcoins recorded a major rebound in their market caps in July. It mentioned that there is a huge rise registered in the $100K valued whale transactions. The tracker added that DOGE is one of those tokens which is seeing these large transactions on the networks.
MyDoge wallet reported that more than 80K Dogecoin transaction have been recorded over the past 24 hours. Earlier, the DOGE founder highlighted that a huge spike in the number of transactions hit around 70,000 number. This was reported as a surge of 59.49% over the past week.
However, Dogecoin Whale Alert highlighted that Robinhood might have moved around 3.2 billion DOGE (worth approx $218 million) to its cold storage.
DOGE is up 7.79% in the last 24 hours. As of writing, the price of DOGE is s $0.072953 USD with a 24-hour trading volume of $923,520,956 USD. It is currently ranked 10th by CoinMarketCap with a live market cap of $9,678,796,388 USD.
Meanwhile, the whale tracker mentioned that DOGE has landed on the list of the most used smart contract among the top 1000 BSC whales over the past 24 hours. However, the biggest 100 whales are holding just $10.6 million worth of Dogecoin with them.