High-value Dogecoin (CRYPTO: DOGE) transactions saw a significant increase over the last 24 hours.
What Happened: According to data from IntoTheBlock, there was a 110% increase in large DOGE transactions — defined as transactions with a minimum value of $100,000 – on Monday.
Data showed that the meme-based cryptocurrency saw a total of 479 large transactions over the past day. Of these transactions, the single largest transfer was made by a whale that sent 276.9 million DOGE worth $39 million to an unknown wallet, as per data from ClankApp.
Over seven days, the Dogecoin blockchain recorded $1.87 billion worth of transfers.
The coin’s value also saw a 6.21% spike in the last day, as per data from Benzinga Pro. At press time, DOGE traded at $0.154 with a daily trading volume of $2.43 billion.
The wider cryptocurrency market saw a 0.71% rise over the last day with the market cap hovering around $2.16 trillion. Bitcoin (CRYPTO: BTC) was up 1.07%, trading at $46,654 and Ethereum (CRYPTO: ETH) was trading at $3,500, up 0.84% over the same period.
