Dogecoin (DOGE) whales transferred greater than $654.7 million price of DOGE up to now seven days alone, in response to the crypto analytics agency IntoTheBlock.
IntoTheBlock notes that $654.78 million price of DOGE was transferred in transactions larger than $100,000, indicative of whale trades.
The agency additionally notes that 54% of Dogecoin holders are at present making a living on their DOGE investments.
DOGE is buying and selling at $0.0738 at time of writing. The Tenth-ranked crypto asset by market cap is down greater than 2.2% up to now 24 hours and greater than 9.4% within the seven days.
Dogecoin stays up about 5% because the begin of 2023, however it’s nonetheless almost 90% down from its all-time excessive of greater than $0.731, which it hit in Could 2021.
Shiba Inu (SHIB), DOGE’s prime memecoin competitor, witnessed $221.18 million price of transactions up to now week that was greater than $100,000, in response to IntoTheBlock.
The analytics agency notes that SHIB’s holders are doing far worse on common than DOGE’s: Solely 31% are at present making a living on their investments.
Shiba Inu is buying and selling at $0.000011 at time of writing. The Fifteenth-ranked crypto asset by market cap is down 2.45% up to now day and greater than 8.3% up to now week.
SHIB stays up by 37.5% because the begin of this 12 months, however it’s nonetheless greater than 87% down from its all-time excessive of $0.00008616, which it hit in October 2021.
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