Dogecoin's Whopping 60.9B Movement In 24 Hours: A Bullish Sign?

Bibhu Pattnaik

December 08, 2024

A whopping 60.9 billion Dogecoin (CRYPTO: DOGE) has been transacted in the past 24 hours, hinting at a possible bullish trend for the meme cryptocurrency.

What Happened: Data from IntoTheBlock reveals that the large transaction volume of Dogecoin has surged by 40.1% in the last 24 hours, totaling $23 billion or 60.9 billion DOGE.

Large transactions, which are those exceeding $100,000, are usually a sign of intense buying or selling pressure. This surge aligns with a significant increase in DOGE’s price. This sudden spike in transaction volume may be indicative of rising investor confidence.

At the time of writing, DOGE is valued at $0.4614, marking a 2% increase in the last 24 hours. This rise has propelled weekly and monthly gains to 5.66% and 137.8% respectively, hinting that Dogecoin might be on the brink of a price surge.

Also Read: Dogecoin Whales Move $214.5M In A Single Day, Sparking Speculation

The surge in volume could lure short-term traders to wager on Dogecoin, possibly leading to an additional increase in market activity and averting a steep sell-off.

Last week the meme coin witnessed a substantial increase in trading volume, indicating a potential major price upswing.

Dogecoin's trading volume soared by 76.71%. This surge in momentum was supported by considerable whale activity, including a recent transfer of $120 million DOGE to an unidentified wallet.

Why It Matters: Historically, Dogecoin has demonstrated robust performance in December. For instance, DOGE posted a remarkable 337.5% gain in December 2017 and a more moderate rally of 32.4% in 2020.

Last year, DOGE’s price grew moderately by 7.01%. This trend positions DOGE as a cryptocurrency to keep an eye on this holiday season.

From Ore to Gold Bars-This Nevada Mine Is Already Producing - Ad

Discover 3 Stocks Projected to Dethrone Nvidia (NVDA) - Ad

The Fed Just Got Kneecapped - Here's What Happens Next - Ad

FBI Director Kash Patel was asked about two stocks he bought earlier this year by a member of Congress on Wednesday and gave a surprising answer. The transactions come as members of Congress are working on legislation to ban lawmakers and cabinet members from buying and selling stocks.

More than 60 containers fall off ship in Long Beach port

LOS ANGELES (AP) — More than 60 containers toppled off a cargo ship Tuesday morning in the Port of Long Beach, tumbling overboard and floating in the water.

Did This New AI Just Replace Google?

Did This New AI Just Replace Google? - Ad

Elon Musk's xAI just launched a model that could disrupt Google and even challenge ChatGPT. For the first time, you can stake in xAI with as little as $500 - but you must move before the Oct 1 funding round.

US firm agrees $500 million investment deal with Pakistan for critical minerals

ISLAMABAD (AP) — A U.S. metals company signed a $500 million investment deal with Pakistan on Monday.

Takeaways from a hunt for 'secret' fresh water under the North Atlantic seabed

ABOARD LIFTBOAT ROBERT, North Atlantic (AP) — It turns out the Continental Shelf has been holding a secret from the ages. Beneath the sea floor off the U.S. northeast lies an enormous reserve of fresh water whose existence was long unknown, then was suspected and now is confirmed.

This Isn't Their First Gold Win-And Their Next Big Project Could Be Even Bigger

This Isn't Their First Gold Win-And Their Next Big Project Could Be Even Bigger - Ad

The team behind this Nevada gold miner has built billion-dollar gold companies before-and they're at it again. Drilling is already underway on a 27-square-mile land package, with nearly 2M ounces already defined...with more to come. With production live and expansion in motion, this sets up to be their next big win.

Jim Cramer: Sell Chime, Get This Buy Now Pay Later Stock Instead

Chime Financial, on Aug. 22, announced a strategic partnership with Workday to advance financial wellness in the workplace.

US orders Delta and Aeromexico to dissolve their partnership over fairness concerns in Mexico

U.S. Transportation Secretary Sean Duffy is following through on to force Delta and Aeromexico to dissolve their longtime partnership because of his concerns that Mexico isn't being fair to U.S. airlines.

If You Keep Cash In a U.S. Bank Account... Read This Now

If You Keep Cash In a U.S. Bank Account... Read This Now - Ad

The Treasury Department just issued a stunning warning: U.S. banks could lose up to $6.6 trillion of customer deposits as Americans rush into a new form of money... That's just been authorized under President Trump's highly controversial new law, S.1582. If you have any cash in a checking or savings account... this will affect you directly.

Graphic video of Kirk shooting was everywhere online, showing how media gatekeeper role has changed

They were careful with the explicit imagery — as usual. But did it make any difference?

Gold's Best Year Since 1978—What's Driving The Relentless Rally?

Gold has surged 37% in 2025, topping $3,500 an ounce. Discover what's driving the rally, from Fed politics to central bank buying.

This Gold Miner Has the Map, the Metal, and the Momentum

This Gold Miner Has the Map, the Metal, and the Momentum - Ad

JPMorgan is forecasting that gold will push past $4,000, and this Nevada operation is positioned to benefit. Historical estimates show its property could hold around 1.8 million ounces of measured and indicated gold, backed by infrastructure and billionaire investors. The company's already producing, refining gold onsite and looking to expand. That's not a dream-stage story-that's a head start.

Home Depot stores, long a hub for day laborers, now draw immigration agents out on raids

LOS ANGELES (AP) — At a Home Depot parking lot, a man patrols on a bicycle for federal immigration agents, toting a megaphone on his hip so he can blast a warning to day laborers waiting to land a landscaping or construction job.

Third Richest Woman In The World Eyes New York Giants Stake For Future Growth

One of the richest women in the world could have her eyes on more sports team ownership with a stake in the New York Giants.

Analysts Project This Stock Could Jump to $14 a Share. You Can Still Invest for $3.50.

Analysts Project This Stock Could Jump to $14 a Share. You Can Still Invest for $3.50. - Ad

The AI company making heart disease easier to detect is offering investors $3.50 investment units that include one convertible preferred share and one warrant, providing investors with access to 2 common shares. Based on analyst 1- year projections, that amounts to a near-term 500% return potential.

Trump Approval Rating Falls To 2025 Lows After Jobs Report: View On President's Economy Hits Record Lows

A poor August jobs report may be hurting what voters think of President Donald Trump according to a new poll.

Homes Have Shrunk To The Smallest Average Size In 20 Years: Here's Why It Happened

Newly built homes in the U.S. are shrinking due to higher mortgage rates and affordability concerns. Buyers are adjusting expectations.

Is This Elon's Worst Nightmare?

Is This Elon's Worst Nightmare? - Ad

Elon's empire looks doomed - crashing sales, lost tax credits, and media backlash. But behind the scenes, Tesla is about to unleash a breakthrough Forbes calls a "multi-trillion-dollar opportunity." It's not the end - it's the start of a 25,000% AI comeback.

Steve Jobs Says Smart People Excel At This When Learning New Things, Science Shows He Had A Point

Steve Jobs believed in connecting dots, supported by neuroscience. Intelligence is seeing the whole thing, not just being book-smart. Others like Bezos and Buffett also value learning and open-mindedness.

Spain sweltered under hottest summer on record

MADRID (AP) — Spain said Tuesday that this summer was the hottest on record for the southern European nation, which like the entire Mediterranean region is being hard hit by climate change.

[Revealed] Trump's Next AI Executive Orders?

[Revealed] Trump's Next AI Executive Orders? - Ad

A White House insider with direct ties to Trump's inner circle just revealed what he calls "Manhattan II" - a potential $2.2 trillion AI initiative set to launch as soon as Oct 15. He says this could mirror past U.S. projects that minted fortunes - with small firms soaring 5,000% to 10,000% over two decades. And now he's giving away his #1 stock pick for free before the deadline.

How To Earn $500 A Month From General Mills Stock Ahead Of Q1 Earnings

General Mills offers an annual dividend yield of 4.88% ($2.44 a year). Here's how investors can pocket a regular $500 monthly.

Mortgage Fraud Is Now A Trump-Era Flashpoint—Here's Everything You Need To Know

Given the recent high-profile cases, Benzinga decided to take a closer look at what mortgage fraud is and how it can be committed.

From Ore to Gold Bars-This Nevada Mine Is Already Producing

From Ore to Gold Bars-This Nevada Mine Is Already Producing - Ad

Most juniors explore...Few actually produce. This one's already pouring gold thanks to infrastructure that would cost tens of millions to build today. With major land holdings and room to scale, it's one to watch. Discover the little known gold company that's already producing.

Warner Bros, Oracle, And Micron Technology Are Among The Top 10 Large-Cap Gainers Last Week (Sep. 8 - Sep. 12): Are The Others In Your Portfolio?

Deal buzz, analyst upgrades, and AI momentum drove top weekly gainers—led by Warner Bros., Oracle, and Micron—across large-cap tech and media.

Trump's Global Tariffs Backfire: Brazil, India Shift Coffee, Seafood Exports To China—US Consumers Face Higher Prices

Trump's tariffs on Brazil, India drive them to China, while US consumers face price hikes. Indian tea and seafood producers seek new markets.

Discover 3 Stocks Projected to Dethrone Nvidia (NVDA)

Discover 3 Stocks Projected to Dethrone Nvidia (NVDA) - Ad

Futurist and Stock Analyst, Eric Fry, published a brand-new research report naming three outsider stocks have the power to completely disrupt the "seemingly invincible" Mag 7. For the time being, this research report is available through this page - at no charge.

Von der Leyen proposes bolder EU sanctions against Israel over the war in Gaza

ANTWERP, Belgium (AP) — European Commission President Ursula von der Leyen broke Wednesday with her pro-Israel stance and announced plans to seek sanctions and a partial trade suspension against Israel over .

South Korea president says Korean companies will hesitate to invest in US without better visa system

SEOUL, South Korea (AP) — South Korea’s president said Thursday that South Korean companies will likely hesitate to maintain or make direct investments in the United States if the U.S. fails to for Korean workers.

The Fed Just Got Kneecapped - Here's What Happens Next

The Fed Just Got Kneecapped - Here's What Happens Next - Ad

A new law, S.1582, has just kneecapped the Federal Reserve - handing select companies the legal authority to mint a new form of American money. Investors who move now could see 40X gains by 2032... while the rest are left scrambling, wondering how they missed it.

South Korean workers released after days of detention in Georgia return home

INCHEON, South Korea (AP) — A plane carrying more than 300 South Korean workers after days of detention in Georgia landed in South Korea on Friday.

Toyota Reshapes US Strategy: More Hybrids, New EVs, Fewer Lexus Sedans

Toyota Motor shares are trading lower on Wednesday after Reuters reported that the carmaker was adjusting its U.S. manufacturing footprint.

Did This New AI Just Replace Google?

Did This New AI Just Replace Google? - Ad

Explosions heard in Lithuania's capital after railcars loaded with liquefied gas catch fire

VILNIUS, Lithuania (AP) — Powerful explosions were heard in the suburbs of Lithuania's capital Wednesday morning after several railcars loaded with liquefied gas caught fire, authorities said.

Elon Musk's SpaceX Acquires EchoStar Spectrum To Transform Global Satellite Connectivity

EchoStar is selling AWS-4 and H-block spectrum to SpaceX for $17 billion, funding debt payments and expanding 5G services with Starlink Direct to Cell.

This Isn't Their First Gold Win-And Their Next Big Project Could Be Even Bigger

This Isn't Their First Gold Win-And Their Next Big Project Could Be Even Bigger - Ad

Don't look now, but there's an AI-generated Italian teacup on your child's phone. What does it mean?

In the first half of 2025, she racked up over 55 million views on TikTok and 4 million likes, mostly from tweens glued to their cellphones. Not bad for an AI-generated cartoon ballerina with a cappuccino teacup for a head.

Super Micro Computer (SMCI) Shares Are Sliding Tuesday: What's Going On?

Super Micro Computer shares are trading lower Tuesday. The stock is caught in a downdraft affecting the broader semiconductor and high-growth technology sectors.

If You Keep Cash In a U.S. Bank Account... Read This Now

If You Keep Cash In a U.S. Bank Account... Read This Now - Ad

Elizabeth Warren Suppprts Bipartisan Bill To Ban Individual Stock Trading By Lawmakers: 'It's About Time'

Sen. Elizabeth Warren (D-Mass.) is lauding a new bipartisan effort to ban members of Congress from trading individual stocks, calling the move long overdue.

Trending Now