Dogecoin saw a sharp jump in trading activity on Tuesday, but prices did not follow immediately. Volume over the last 24 hours rose by 60%, pushing total traded value above $2 billion, according to CoinMarketCap.
Yet the token traded near $0.21 at the time of the report, down about 0.18% in the day and down 12% so far this month.
Trading Volume Surges
Trending: WATCH: Off-Duty Deputy Takes Out Alleged Cop Killer Riding a Motorcycle on California Freeway
According to CoinMarketCap data, the sudden spike in volume shows many more hands moving DOGE than usual. Reports have disclosed that this wave of trades coincides with renewed interest among retail buyers and larger holders.
Data shows that October has historically been a strong month for Dogecoin, with modest gains of 30% to a more impressive 101% from 2021 up to 2024.
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!