Almost 10 Billion Dogecoin (DOGE) in 24 Hours: What's Happening?

Dogecoin gaining some strength on-chain, while price remains stagnant

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Notable was also the large volume of USD transactions. In the past 24 hours, $1.33 billion worth of DOGE was associated with enormous exchanges. On June 7, 2024, the seven-day high for major transactions was $4.2 billion, while the seven-day low was $1.01 billion on June 9, 2024.These high level exchanges imply that large players are actively exchanging DOGE, adding to liquidity and market depth.

Examining these patterns, obviously Dogecoin remains in a dynamic exchanging climate, without facing a stalemate. Both retail and institutional investors are active, as shown by the net high volume and significant size of their transactions. The market is both cautious and active, ready to react quickly to new information, as evidenced by the balanced sentiment.Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future.

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