Dogecoin Surpasses NFT Market Cap with $26 Billion Dominance

Dogecoin continues to assert its influence in the crypto market, with its market capitalization breaking through the NFT sector. According to CoinGecko, Dogecoin's market cap now stands at over $26 billion, far surpassing the entire NFT market.

The significant whale activity behind Dogecoin's recent momentum is evident from fresh on-chain data from Santiment. The analytics firm revealed that Dogecoin whales recorded 739 transactions worth over $100,000 within a single day, marking the highest level of whale activity in six months.