The rise in DOGE coincided with a milestone in whale transactions. Amid the renewed market activity, whale activity in Dogecoin, with transactions exceeding $1 million, appears to be rising rapidly, showing an increase of over 600% in just the past month according to IntoTheBlock's latest analysis.

This also marks the largest number of Dogecoin millionaire transactions since its peak in May 2021, essentially driving significant investor participation despite market volatility. While the overall market started off relatively flat on Friday, Dogecoin rose nearly 5% the day before. US cryptocurrency exchange Coinbase's derivatives division, Coinbase Derivatives, has announced its intention to offer cash-settled futures contracts for Dogecoin, alongside Litecoin and Bitcoin Cash, by April 1. The stock exchange stated in this regard