On-chain data shows that $2.6 million worth of Dogecoin (CRYPTO: DOGE) was transferred for a fee of just $0.14.

What Happened: According to an update from Dogecoin Whale Alert, 38 million DOGE was sent across the blockchain for 2 DOGE.

Transaction data from the DOGE blockchain explorer shows that an anonymous Dogecoin wallet was the recipient of a series of transfers from multiple different wallets.

See Also: IS NOW A GOOD TIME TO BUY DOGECOIN (DOGE)?

Last week, blockchain analytics firm Santiment revealed that Dogecoin and rival meme coin Shiba Inu (CRYPTO: SHIB) had seen an uptick in network activity.

The number of unique DOGE addresses had surged 32% over 10 days as of last Friday.

Price Action: As per data from Benzinga Pro, DOGE was trading at $0.069 at press time, up 4.41% over the last 24 hours.

Photo via Vitalii Stock on Shutterstock