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On-chain data shared by technical analyst Ali Martinez shows that dormant Dogecoin (DOGE) tokens have suddenly become active again, with 5.8 billion tokens transferred over the past 24 hours.

This notable reactivation coincides with a sharp increase in the Age Consumed metric, a metric that tracks the movement of coins that have been dormant for a long time.

Specifically, Martinez’s chart shows two important signals: a spike in Age Consumed, which shows that old DOGE holdings have been transferred, and a significant increase in daily circulating volume, which reflects strong token movement. Previously, DOGE’s daily circulating volume was hovering around 1.67 billion tokens, but suddenly spiked to 5.8 billion tokens.

The sudden movement of billions of DOGE could indicate that large investors (whales) are taking profits, restructuring their portfolios, or preparing for upcoming market developments.
@ebidelii @mheydari @zrad @toktam @zraad @majidrpk @ciniz

Thank you for posting useful information.

Martinez’s chart shows two important signals ; a spike in Age Consumed, which shows that old DOGE holdings have been transferred