Dogecoin Whales Desert Market: Number Of $100,000 Transactions Nosedives 70%

Quick Summary:

According to Santiment, the number of DOGE transactions (worth over $100,0000) has drastically reduced, by more than one-third of the volume during the “Trump pump run-up in early November.” On-chain data shows that the weekly $100,000 transactions have fallen from 20,200 to 6,200 — an almost 70% decline — since November 9, 2024.

DOGE Large Transactions Witness Severe Decline In a Feb.8 post on the X platform, the blockchain intelligence firm Santiment revealed that Dogecoin whales have become less active in the market, with their number of transactions dwindling in recent weeks.

The price of Dogecoin has been under significant downward pressure over the past week, and the latest on-chain data suggests that the meme coin might not experience relief any time soon.

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Article Details

Author / Journalist: Opeyemi Sule

Category: Crypto

Markets: United KingdomOman

Topics: Dogecoin Dogecoin price Dogeusdt Santiment Doge

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-09 @ 00:30:42 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 409 words

Reading Time: 3 minutes read

Sentences: 60 lines

Sentence Length: 7 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 25987334

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