The data shows Dogecoin outperforming Bitcoin in large transaction volume and daily active addresses by 41.12% and 34.91% respectively. Bitcoin, on the other hand, recorded declines of 11.26% in large transaction volume and 10.25% in daily active addresses despite the general market rebound.

Despite Dogecoin’s standout performance in whale and user activity, Bitcoin maintained its dominance in daily gains and trading volume. According to CoinMarketCap, Bitcoin recorded daily gains of over 3% and a massive 206.23% surge in trading volume during the market rally.

Dogecoin, by comparison, saw only a modest price increase of 0.69% since the previous day, although its trading volume jumped by 71.40%.

While Bitcoin remains the top choice for daily traders and retail investors, the drop in its large transaction volume suggests that corporate and high-profile investor activity may have slowed. This has seemingly opened the door for DOGE whales to step in.

DOGE ETF review in play

Despite trading at frequent lows in recent weeks, bullish sentiment for Dogecoin is rising, largely due to speculation surrounding a potential DOGE ETF.

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