Dogecoin News: The price of Dogecoin (DOGE), Elon Musk’s favorite meme cryptocurrency, has fallen despite the recent recovery rally. DOGE prices are down about 5% in the past 60 days, while Shiba Inu (SHIB) prices are up a whopping 58% over the same period. However, a new whaling activity has left the DOGE community confused.

No buzz around Dogecoin?

According to WhaleAlert data, a dormant wallet containing 2.043 million Dogecoin (approximately $186,000) has just been activated. The unknown owner of the sleeping wallet decided to activate it after a long period of 9 years.

However, this activation has come when Dogecoin was low on sentiment. The DOGE enthusiasts have been waiting for updates on new projects. Although Elon Musk has not mentioned Dogecoin in his recent tweets.

The price of Dogecoin is down 4% in the last 24 hours. DOGE is trading at an average price of $0.092 at the time of going to press. However, the 24-hour trading volume is also down more than 50% to $543 million. Meanwhile, it is still the largest meme crypto with a market cap of over $12.2 billion. Read more Dogecoin news here…

According to the records, several whales have been caught carrying more than 41 million DOGE (about $4 million) in multiple transactions.

Ashish believes in decentralization and has a keen interest in the development of Blockchain technology, the cryptocurrency ecosystem and NFTs. He aims to create awareness around the growing crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching a thriller or exercising outside. Reach me [email protected]

The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication is not responsible for your personal financial loss.

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