Recent data shows a dramatic surge in Dogecoin whale transactions, with over $23.35 billion changing hands within 24 hours, exceeding both Ethereum and Bitcoin’s transaction volumes. This spike represents a significant shift in market dynamics, fueled by increased activity from anonymous wallets. While no official statements have been made by Dogecoin’s leaders or Elon Musk regarding this specific surge, rumors about potential integration with platforms like X Money continue to circulate. 60.9 billion DOGE moved within this time frame, highlighting the substantial investment activity. This trend showcases a growing distinction between retail and institutional interest, where whales are driving considerable activity. Analysts note this growth as possibly foreshadowing the introduction of new financial products such as Dogecoin ETFs, but these remain speculative without confirmed institutional involvement.