The world's first memecoin, Dogecoin DOGEUSD, recently experienced a significant price surge of more than 10 percent in the past week.
This increase comes amid growing interest from large crypto investors, known as whales, indicating a greater focus on these meme cryptocurrencies.
Data from blockchain analytics firm IntoTheBlock shows a significant spike in whale transactions involving DOGE. These transactions, which exceeded $100,000, nearly doubled in a 24-hour period. This surge in activity was fueled by speculation surrounding the potential approval of Ether exchange-traded funds.