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**60.9 Billion Dogecoin in 24 Hours, DOGE Whales Back in Action**
The Dogecoin (DOGE) market has witnessed a significant surge in the past 24 hours, with an astonishing 60.9 billion DOGE coins changing hands. This dramatic increase in trading activity is a stark contrast to the previous trends and has left the community buzzing with excitement.
As reported by U.Today, the recent influx of trading volume can be attributed to the sudden resurgence of whale activity in the DOGE market. Whales are large-scale investors who have a significant impact on the market’s direction through their buying and selling decisions.
The 60.9 billion DOGE traded in the last day is an unprecedented amount, indicating that whales have returned with renewed enthusiasm for the meme-based cryptocurrency. The sudden shift in sentiment has caused significant price movements, leaving many observers to wonder what the future holds for DOGE.
It’s worth noting that this development comes on the heels of previous rumors circulating around the possibility of a Dogecoin ETF (exchange-traded fund) being approved by regulatory bodies. While these reports have not been confirmed, they could potentially impact the market in the coming days.
Notably, this price surge has led to DOGE’s recent growth rate of 3.66%, which is a significant increase for such a short period. The community remains optimistic about the coin’s prospects, particularly given its historical tendency to post double-digit growth rates during the month of May.
As we delve deeper into these trends, it becomes clear that the DOGE market is ripe with potential for further growth and volatility. With whales back in action, there is little doubt that this development will be closely monitored by both traders and investors alike.
**Read More:**
* $50 Million per BTC: Tether, Softbank Crypto Venture Founder Shares Calculation
* Shiba Inu Skyrockets 228% in Whale Moves, Is Something Coming?
Stay ahead of the curve with U.Today’s news and analysis.
Source: https://u.today/609-billion-dogecoin-in-24-hours-doge-whales-back-in-action
