Dogecoin (DOGE) whales have picked up the pace this week, as 60 million DOGE tokens currently valued at $5.2 million were recently moved to a Coinbase wallet. The development occurs at a time when DOGE has staged a relief rally that has seen it surge by 5% today.

Whale Alert, a leading blockchain tracking and analytics platform, highlighted the transaction today. The transaction, which occurred on Friday at 23:49 (UTC), saw the transfer of 60,329,067 (60.3M) DOGE worth $5.2 million from an unknown wallet to a wallet affiliated with American exchange Coinbase.

(By ALBERT BROWN)