Dogecoin secures crucial record with more than 60 billion DOGE transacted in 24 hours
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Large transactions indicate that whales, or major holders, are actively involved in the market, which may indicate a significant redistribution or accumulation of assets. Due to the size of their transactions, whales have the ability to greatly affect the price of Dogecoin, so high levels of whale activity are frequently a sign of impending price volatility.
It is necessary to exercise caution, though. Whales may try to profit from extremes in whale activity, which frequently results in either a price rally or a steep sell-off. Dogecoin may experience a correction if the majority of recent whale transactions involve sales rather than accumulation.Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future.
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