Dogecoin (DOGE) has witnessed staggering 582% surge in a crucial on-chain metric, indicating a significant influx of large holders
has demonstrated a remarkable surge in a critical on-chain metric over the past 24 hours, marking a notable 582% increase. Data from reveals a substantial rise in Large Holders Inflow, soaring from 129.63 million DOGE to an impressive 754.75 million DOGE, equivalent to approximately $116.98 million.This surge in Large Holders Inflow suggests robust buying activity, primarily driven by influential entities such as whales and investors.
Analysis of the Large Holders Outflow reveals a modest increase from 471.75 million DOGE to 488.89 million DOGE, translating to approximately $75.78 million over the same period. Consequently, the Large Holders Netflow stands at 265.86 million DOGE, approximately $41.2 million in the past day.The concept of Large Holders Netflow serves as a gauge for monitoring the shifting positions of whales and investors holding over 0.1% of the circulating supply.
Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.ChainGPT Pad Launches Engines of Fury, Bringing Enhanced Web3 Gaming Experiences to Mainstream Players
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