According to WhaleStats, Dogecoin ranks in the top 10 for trading volume among the 2,000 largest BSC whales in the last 24 hours. DOGE trading volumes are allegedly soaring amid a spike in whale subsidies.
"JUST IN: $DOGE
now on top 10 by trading volume among 2000 biggest #BSC whales in the last 24hrs"
Data from IntoTheBlock reported an increase in the volume of on-chain Dogecoin transactions by over $100,000, with the total value rising to $2.59 billion on April 25.
“As Dogecoin is not available to the average individual investors on the chain, the indicators act as a representative of the number of transactions by whales and institutional players.”
Dogecoin entered a massive rally last Monday after Tesla CEO Elon Musk finalized a $44 billion buyout deal with Twitter. This may be because Dogecoin is expected to play an important role in Twitter. Tesla CEO has already proposed the idea of allowing Twitter Blue subscribers to make payments with the help of Dogecoin.
Last week, Dogecoin marked a historic moment as the first Dogecoin transaction without internet was sent via Starlink. RadioDoge is focusing on using low-cost radio technology (HF/LoRaWAN) in conjunction with the global Starlink satellite network to provide inexpensive, large-scale access to Dogecoin for individuals living outside the reach of normal internet infrastructure. This will allow Dogecoin to be able to transact without using the internet.
The Dogecoin team is continuing the groundwork for RadioDoge and many future projects, using the first phase of Libdogecoin, a building block for building Dogecoin projects.
Dogecoin (DOGE) is priced at $0.138172 according to CoinGecko data at the time of writing. The last 24-hour trading volume of Dogecoin (DOGE) was $1,084,569,737. Dogecoin (DOGE) price is down -2.2% in the last 24 hours.