Dogecoin Faces Rare On-Chain Transaction Anomaly

Dogecoin's Recent Transaction Surge

Dogecoin, often recognized as a leading meme coin, has experienced an unusual trend in its transaction activity. According to data from IntoTheBlock, the number of large transactions, valued at over $100,000 each, leapt from 571 to 717—a spike of 146 transactions. However, despite this increase, the overall transaction volume decreased, marking a rare on-chain anomaly.