Dogecoin's whale activity experiences massive decline following passing of Kabosu, iconic dog behind DOGE meme
has seen a noticeable decline in the activity of major players, or"whales," coinciding with the recent passing of Kabosu, the dog immortalized in the iconic Doge meme. Analysis of key metrics shows a significant decline in whale activity.. Of particular note is the drop in transactions exceeding $100,000, from $1.56 billion to $1.12 billion, with 1,300 such transactions recorded during the period.
The decline in whale activity is also evidenced by a marked reduction in the inflow and outflow of funds to wallets containing at least 0.1% of DOGE's circulating supply. Inflows into these wallets fell 87.52% to a modest 59.86 million coins, while outflows fell to 103.87 million coins, down 29.59% from the previous day.by its owner on social media. Kabosu's image became synonymous with the Doge meme, which later inspired the creation of in 2013.
Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.Caldera launches Guardian Nodes, creating a new path for teams to raise funds and decentralize their network
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