Mysterious top 20 whales has been selling a lot of Dogecoin (DOGE) on Binance recently
A well-known transaction tracker for Dogecoin, @DogeWhaleAlert, has announced multiple major transfers of the original meme coin, with a combined value of around $400 million.
Given that these DOGE lumps were delivered to Binance, a significant sale may have been planned on the top cryptocurrency trading website. 57,804,249 DOGE, 110,976,371 DOGE, and 190,840,745 Dogecoin were transported in these enormous transactions for a symbolic price of less than 3 DOGE, or less than $1.
🐕🪙🐋🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨
190,840,745 $DOGE ($15,539,399 USD) was transferred from a #Top20 wallet to a #Binance wallet.
Fee: 2.41 ($0.20 USD)
Tx: https://t.co/Y5lSEQQSGA#DogecoinWhaleAlert #WhaleAlert #Dogecoin #CryptoNews
— Ðogecoin Whale Alert (@DogeWhaleAlert) February 25, 2023
These DOGE lumps are worth a total of $29.2 million in cash. Overall, Dogecoin is a well-liked cryptocurrency asset among traders, who profit from buying and selling it based on the state of the market.
The cost of the biggest meme token on the market has dropped over the last several days. Since last Thursday, DOGE has lost a little over 8% of its value, falling from $0.0877 to $0.0807, where it is currently trading. Following a swift 5.45% increase in a single hourly green candle when the most public supporter of DOGE, Elon Musk, tweeted a meme about Dogecoin, the price decline started.
In the past, Musk’s actions were able to give DOGE growth that was more or less sustainable over the long term. But, these days, his tweets are only causing slight increases that lead to sharp declines in the price of Dogecoin.
Read more:
- Elon Musk Announced End Of Recent Experiment On Twitter; Dogecoin Creator Blocks Close To 200k Users
- ChatGPT Forecasted Dogecoin (DOGE) Price In The End Of 2023
- Dogecoin Saw More Whale Transactions Over Past Week