Dogecoin Saw 'Biggest' Transaction Volume Spike Last Week, Notes Analyst: What's Going On?

URL has been copied successfully!

A leading cryptocurrency analyst spotlighted a sharp jump in Dogecoin (CRYPTO: DOGE) transaction volume over the past week.

Transaction Spike Preceded DOGE’s Rally

In an X post, Ali Martinez, citing supportive data from on-chain analytics firm Santiment, stated that nearly $800 million worth of DOGE was transacted on a single day on April 16.

The dramatic spike in on-chain volume preceded DOGE’s price hitting a one-month high of $0.10, though the memecoin has since pulled back sharply.

This past week, Dogecoin $DOGE saw its biggest transaction volume spike of the year, with nearly $800 million transacted on April 16 alone.

Full story available on Benzinga.com

Please follow us:

This post was originally published here

Dogecoin Saw ‘Biggest’ Transaction Volume Spike Last Week, Notes Analyst: What’s Going On?

Transaction Spike Preceded DOGE’s Rally