In a remarkable display of market dynamics, Dogecoin (DOGE), the cryptocurrency that began its journey adorned with canine motifs, has experienced a significant uptick, ascending over 10% to transcend the $0.20 threshold in the last 24 hours. This upward trajectory extends from a series of gains that commenced on April 6, where it saw a 7% increase to eclipse the $0.18 mark, following a period of equilibrium earlier in the week.
Market analysts have pinpointed the catalyst behind this surge to a noteworthy transfer involving 200 million Dogecoins from the trading platform Robinhood to an unidentified wallet, igniting speculative discussions within the cryptocurrency community regarding DOGE's potential to attain the esteemed $1 mark.
The transaction, amounting to approximately $35.45 million, was monitored and reported by Whale
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First found on: Crypto news from Coinatory
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