Single $48.6M transfer accounted for 5.12% of Dogecoin's daily on-chain volume
- —A single $48,607,636 transfer made up 5.12% of Dogecoin's daily on-chain volume
- —17,404 transfers moved 11.12 billion DOGE worth $949.5 million in 24 hours
- —Dogecoin's mempool held just six transactions, median fee 0.113 DOGE
- —Exchange turnover of $331 million equals 2.48% of the $13.34 billion market cap
Why it matters: Heavy concentration in a few large transfers and a thin order book mean a sizable sell order could move DOGE's price noticeably.
Source: CryptoTicker