
Since reaching a high of $0.486 about a month ago, Dogecoin has shed over 28% of its market cap. Crowd sentiment has declined near its lowest point since the past year. Currently, crowd sentiment for Dogecoin remains bearish.
At the time of writing, DOGE was down 1.07% in the last 24 hours to $0.335.
The sudden dip in value and crowd sentiment has sparked concern among investors and traders alike. In a shocking turn of events, it appears that Coinbase has processed a staggering 219 million Dogecoin transactions, raising more questions than answers.
While DOGE’s current market capitalization sits at around $44.8 billion, the sheer volume of transactions raises eyebrows regarding potential whale activity or other unknown factors contributing to the sudden decline.
Source: u.today