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Dogecoin's Daily Transactions Surge by 8220% in May, But its Value Trades at a Loss

Dogecoin's daily transactions skyrocketed by 8220% in May, hitting a peak of 2.08 million on May 27th, as per data from IntoTheBlock.

However, recent data from Santiment revealed that DOGE addresses holding 10,000 to 100,000 coins saw a decline in their holdings, while those holding 1,000 to 10,000 coins showed significant accumulation.

DOGE's weighted sentiment dropped to -0.299 on May 31st, indicating a lack of positive outlook from investors. Meanwhile, a code related to ad placement on a website was found, using a platform called adpushup to optimize ad revenue with three different ad triggers.

Dogecoin Dogecoin $0.42
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