Dogecoin today: one transfer moved $48.6 million, six transactions sat in the mempool

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.A single transfer carried 5.12 percent of Dogecoin's daily volume, while six transactions sat in the mempool. What the chain data reveal about fees, order book depth and the holding period.The Dogecoin chain settled 17,404 transfers over the past 24 hours, and a single one of them carried 5.12 percent of the entire daily value. $48,607,636 moved from one address to the next in that one transfer. At the same moment, six entries sat in the queue of unconfirmed transactions. Dogecoin traded at $0.085353 on Sunday morning, or €0.07631. Those three figures describe a chain that is barely used and whose daily movement hangs on a handful of very large addresses. Two practical consequences follow for investors in Germany: a transfer costs almost nothing, and a sell order meets a book that is thinner than the $13.34 billion market capitalisation suggests. Every on-chain figure in this article comes from the public node dump at Blockchair, the price and turnover figures from CoinGecko. $4...