DOGE meme coin surges 23%. Let’s get the reason

Arguably the best-known meme coin DogeCoin wants to repeat its resurgence on the back of the firing of Shiba Inu.

As widely reported, Shiba Inu has been skyrocketing in price over the past week. This has put pressure on rival Dogecoin.

Also, as analysts and data science at Santiment observed, the whales have woken up amid the global and DOGE cryptocurrency market. Whales are considered to be transactions exceeding $100,000 in DOGE equivalent.

According to the latest data, whale activity in the other altcoin networks has increased sharply this week. Perhaps something is waiting to happen (or maybe not).

However, in the last hours, the bears have taken over, causing the price to fall by around 3%. Nevertheless, Dogecoin looked good, which created hype around itself.

Btw, you can check your article on meme coins and get what they are - click.