Dogecoin (DOGE) whales transferred more than $654.7 million worth of DOGE in the past seven days alone, according to the crypto analytics firm IntoTheBlock.
IntoTheBlock notes that $654.78 million worth of DOGE was transferred in transactions greater than $100,000, indicative of whale trades.
The firm also notes that 54% of Dogecoin holders are currently making money on their DOGE investments.
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DOGE is trading at $0.0738 at time of writing. The 10th-ranked crypto asset by market cap is down more than 2.2% in the past 24 hours and more than 9.4% in the seven days.
Dogecoin remains up about 5% since the start of 2023, but it is still nearly 90% down from its all-time high of more than $0.731, which it hit in May 2021.
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