Dogecoin Price Climbs 6% Following Acquisition of 306 Million DOGE by Whale

• In the past 24 hours, the original meme coin DOGE has demonstrated an increase of nearly 6%.
• A sizeable sum of 306,260,470 DOGE was moved between internal wallets on the Binance exchange.
• The rise of Dogecoin by almost 6% closely followed the positive trend of Bitcoin, the leading digital currency

In the last 24 hours, DOGE, the original meme coin, has experienced a rise of just under 6.9%. Today, a significant amount of Dogecoin, valued at nearly $20 million, was transferred. The transaction occurred approximately two hours ago.

According to a recent tweet from @DogeWhaleAlert, a notable amount of 306,260,470 DOGE was moved between internal wallets on the Binance exchange. Such transfers are common, especially when exchanges engage in activities such as establishing new cold wallets or conducting other operational processes involving stored funds.

Dogecoin surges 6.9% alongside Bitcoin

Prior to this transfer, Dogecoin witnessed an increase of nearly 6.9%, following the upward trend of Bitcoin, the leading digital currency. Currently, DOGE is valued at $0.06598. BTC experienced a gain of 12.92% in the last 24 hours, reclaiming the $28,000 level and crossing $30,000.

This growth can be attributed to the announcement of major Wall Street financial firms, including Fidelity, Charles Schwab, and Citadel Securities, expressing their support for a newly launched cryptocurrency exchange called EDX.

Additionally, there are rumors circulating that Fidelity intends to submit an application for a Bitcoin spot ETF, taking inspiration from BlackRock, the world’s largest fund manager, which recently did the same. Furthermore, Ethereum has regained the $1,890 level and is currently being traded at $1,828, according to CoinMarketCap.