Feast or famine on Dogecoin as Coinbase pump triggers whales’ return

Feast or famine on Dogecoin as Coinbase pump triggers whales’ return


Some of Dogecoin’s (DOGE) observable metrics depict a blockchain in violent flux amid the fallout from the meme coin’s Coinbase Pro listing. The dollar amount sent across the blockchain in a single day exceeded $47 billion on Thursday — a 690% increase on the figure from less than a week before.

Dogecoin’s price climbed 40% in a single day shortly after Coinbase announced it would open its doors to Doge deposits on Coinbase Pro on Tuesday, June 1, with a view to commencing trading on June 3.

Trading across five trading pairs went ahead on Thursday, and by Friday morning DOGE/USD had become the fourth most traded pair on the exchange, behind Ether (ETH), Bitcoin (BTC) and Polygon (MATIC).

Trending: New Video Shows FBI Buliding In DC Empty, Doors Boarded Over!

Coinbase processed $185 million worth of Doge trades in the past 24 hours, according to publicly available market data. Meanwhile, Dogecoin shed much of its Coinbase gains immediately after trading began, as the coin price slid 18% from $0.43 to $0.36.

As

Continue reading

You Might Like

Daily Truth Report • DailyTruthReport.com
Thanks for sharing!
Send this to a friend