Dogecoin Posted 118% Surge In Large Transactions on Monday

Although many crypto analysts refer to current digital currencies stagnation as crypto winter, not only Bitcoin (BTCUSD) show lately more “signs of life”, but even lower profile cryptos “show more life” lately. Thus, meme-based cryptocurrency Dogecoin DOGE/USD saw a triple-digit percentage growth in high value transactions on Monday, June 27.

According to data from IntoTheBlock, DOGE saw a 118% increase in transactions that had a minimum value of $100,000.

Over the past week, the blockchain network recorded $887 million worth of large transactions as its price rallied 20% to $0.078. At press time, DOGE was trading at $0.072 with a trading volume of $1.08 billion, as per data from Benzinga Pro.

While most of the asset’s on-chain metrics, including net network growth, tended to unveil the bearish mood, the weekend’s price action saw 2.89% more DOGE holders in the money.

As it suddenly turned out, some 53% of DOGE holders returned to profitability at current prices. This figure proved to be even higher than that of Bitcoin holders – only 50% of which are making money at current prices.