Musk Support and Whale Buying: Can Dogecoin Break Its Downtrend?

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An unidentified investor acquired 200 million DOGE worth approximately $14 million through Robinhood on July 19. Dogecoin derivatives market volumes surged 114% to reach $740 million. Daily inflows into US spot Dogecoin ETFs dropped from a peak of $2.5 million in January to zero net flow. The Dogecoin price is hovering near $0.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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