Analysis: The trading volume and the number of large transactions of Dogecoin have decreased, leading to a decline in market activity
On-chain analyst Ali pointed out that Dogecoin has recently seen a decline in trading volume and the number of large transactions, which often indicates a decrease in trading activity. This trend may suggest that the number of people buying, selling or transferring DOGE is decreasing, which could be related to a decline in public interest or confidence in this cryptocurrency.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Data: 26,300 SOL transferred from one exchange to another, worth approximately $3.2768 million.
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