Dogecoin has recently experienced a significant price surge, capturing the attention of the cryptocurrency community. The crypto's ascent was accompanied by a remarkable volume of transactions, with 61 billion DOGE changing hands in a single day.
This substantial movement was largely driven by whale activity, a phenomenon where large holders, known as whales, execute significant transactions, often impacting the market.
The record-breaking volume of whale transactions could lead to various potential implications, including increased market volatility and influencing future trading strategies.