Summary
- It was announced that whales bought 140 million DOGE in the last 24 hours.
- The news about the payment system of social media X, owned by Elon Musk, is believed to have positively influenced the buying trend.
- Dogecoin is reported to be trading up by about 1.10% on Binance.
It was revealed that whales purchased a large amount of Dogecoin the previous day.
On the 6th (local time), virtual asset analyst Ali Martinez announced on X that "whales have purchased more than 140 million Dogecoins in the last 24 hours."
Meanwhile, social media platform X, owned by Elon Musk, CEO of Tesla, is expected to launch a new payment system, X Money, this year. It is speculated that the buying spree was triggered by reports that X Money is likely to support virtual assets.
As of 2:05 PM, Dogecoin is trading at $0.39133, up 1.10% from 24 hours ago, based on the Binance USDT market.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![Dow Tops 50,000 for First Time Ever as “Oversold” Narrative Spreads [New York Stock Market Briefing]](https://media.bloomingbit.io/PROD/news/1c6508fc-9e08-43e2-81be-ca81048b8d11.webp?w=250)
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