Dogecoin Dominance: Binance Receives Deluge Of Millions Of DOGE – Details

0 6

Dogecoin (DOGE) has been embarking on a relentless quest for a price surge in recent weeks. As the market witnessed a flurry of activity, an unexpected twist unfolded when an anonymous whale made a significant decision—to sell a portion of their coveted meme coins. 

In a move that raised eyebrows, one of these hefty Dogecoin holdings found its way to crypto exchange Binance, setting the stage for intrigue and speculation. 

This interesting development came at a time when Dogecoin was fiercely determined to regain its footing and recoup some of the losses it had endured in recent weeks.

Dogecoin Whales Make Waves: Massive DOGE Transfers Raise Eyebrows

In a series of transactions, the Dogecoin community has been abuzz with news of substantial transfers involving the popular meme-inspired cryptocurrency. Crypto platform @DogeWhaleAlert, known for tracking large DOGE transfers on Twitter, has recently reported multiple colossal movements of DOGE across wallets, with a cumulative total exceeding 100 million DOGE.

Among the notable transactions, one of the largest transfers involved a staggering 14,835,380 DOGE, making its way to Binance. On the other end of the spectrum, the smallest transaction consisted of a still impressive 10,000,000 DOGE.

Over a span of 24 hours, a total of five major transfers of the meme coin DOGE took place, as substantial chunks of cryptocurrency ranging from 10 million to 30 million DOGE were swiftly shifted between wallets. 

The flurry of activity has piqued the interest of the Dogecoin community and the wider crypto sphere, as they eagerly analyze the implications of these substantial movements.

DOGE Whale Behavior Sends Ripples Through The Market: Impact On Price

The recent surge of large-scale DOGE transfers by anonymous whales has not gone unnoticed, and their behavior has sent ripples through the cryptocurrency market.

Unsurprisingly, the market has reacted to the recent whale transfers, resulting in notable price volatility for Dogecoin. The price of DOGE, as reported by CoinGecko, experienced a slight 0.7% slump in the past 24 hours. This downturn is likely attributed, at least in part, to the influx of substantial DOGE holdings hitting exchanges and potentially creating selling pressure.

knife

However, the broader trend for Dogecoin remains positive, with a 2.7% rally over the past seven days. This upward momentum, coupled with increased adoption and renewed interest in DOGE, may indicate that the impact of the whale transfers on the overall price has been mitigated by bullish market sentiment.

Until then, observers will continue to dissect the actions of these anonymous whales, searching for insights and anticipating the next twist in the ever-evolving tale of Dogecoin.

-Featured image from Cryptoglobe

Leave A Reply

Your email address will not be published.

bitcoin
Bitcoin (BTC) $ 67,773.16
ethereum
Ethereum (ETH) $ 3,504.12
tether
Tether (USDT) $ 0.999882
bnb
BNB (BNB) $ 599.23
solana
Solana (SOL) $ 182.41
staked-ether
Lido Staked Ether (STETH) $ 3,504.68
usd-coin
USDC (USDC) $ 0.999946
xrp
XRP (XRP) $ 0.598629
dogecoin
Dogecoin (DOGE) $ 0.13862
the-open-network
Toncoin (TON) $ 7.10
cardano
Cardano (ADA) $ 0.434376
avalanche-2
Avalanche (AVAX) $ 32.35
tron
TRON (TRX) $ 0.134385
shiba-inu
Shiba Inu (SHIB) $ 0.000018
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 67,746.15
chainlink
Chainlink (LINK) $ 14.73
polkadot
Polkadot (DOT) $ 6.38
bitcoin-cash
Bitcoin Cash (BCH) $ 395.54
near
NEAR Protocol (NEAR) $ 6.28
uniswap
Uniswap (UNI) $ 8.06
litecoin
Litecoin (LTC) $ 73.32
dai
Dai (DAI) $ 0.999694
pepe
Pepe (PEPE) $ 0.000013
leo-token
LEO Token (LEO) $ 5.69
wrapped-eeth
Wrapped eETH (WEETH) $ 3,659.48
matic-network
Polygon (MATIC) $ 0.545035
internet-computer
Internet Computer (ICP) $ 10.50
kaspa
Kaspa (KAS) $ 0.17918
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.47
ethereum-classic
Ethereum Classic (ETC) $ 24.07
aptos
Aptos (APT) $ 7.44
ethena-usde
Ethena USDe (USDE) $ 1.00
stellar
Stellar (XLM) $ 0.104658
monero
Monero (XMR) $ 164.32
blockstack
Stacks (STX) $ 1.97
mantle
Mantle (MNT) $ 0.87638
render-token
Render (RNDR) $ 7.14
filecoin
Filecoin (FIL) $ 4.73
injective-protocol
Injective (INJ) $ 27.78
dogwifcoin
dogwifhat (WIF) $ 2.70
hedera-hashgraph
Hedera (HBAR) $ 0.073969
arbitrum
Arbitrum (ARB) $ 0.792756
maker
Maker (MKR) $ 2,834.15
immutable-x
Immutable (IMX) $ 1.68
crypto-com-chain
Cronos (CRO) $ 0.095234
okb
OKB (OKB) $ 42.42
cosmos
Cosmos Hub (ATOM) $ 6.48
vechain
VeChain (VET) $ 0.030537
bittensor
Bittensor (TAO) $ 345.02
bonk
Bonk (BONK) $ 0.000032
arweave
Arweave (AR) $ 33.65
optimism
Optimism (OP) $ 1.96
sui
Sui (SUI) $ 0.850169
the-graph
The Graph (GRT) $ 0.218902
first-digital-usd
First Digital USD (FDUSD) $ 1.00
floki
FLOKI (FLOKI) $ 0.000205
rocket-pool-eth
Rocket Pool ETH (RETH) $ 3,914.70
renzo-restaked-eth
Renzo Restaked ETH (EZETH) $ 3,548.54
mantle-staked-ether
Mantle Staked Ether (METH) $ 3,646.34
lido-dao
Lido DAO (LDO) $ 1.92
theta-token
Theta Network (THETA) $ 1.64
thorchain
THORChain (RUNE) $ 4.86
notcoin
Notcoin (NOT) $ 0.016024
bitget-token
Bitget Token (BGB) $ 1.14
ondo-finance
Ondo (ONDO) $ 1.09
fantom
Fantom (FTM) $ 0.532808
coredaoorg
Core (CORE) $ 1.64
jasmycoin
JasmyCoin (JASMY) $ 0.03025
aave
Aave (AAVE) $ 98.27
whitebit
WhiteBIT Coin (WBT) $ 10.12
jupiter-exchange-solana
Jupiter (JUP) $ 1.07
based-brett
Brett (BRETT) $ 0.143364
celestia
Celestia (TIA) $ 6.67
pyth-network
Pyth Network (PYTH) $ 0.363809
algorand
Algorand (ALGO) $ 0.158507
sei-network
Sei (SEI) $ 0.388746
ether-fi-staked-eth
ether.fi Staked ETH (EETH) $ 3,463.59
quant-network
Quant (QNT) $ 75.74
mantra-dao
MANTRA (OM) $ 1.31
gatechain-token
Gate (GT) $ 7.83
elrond-erd-2
MultiversX (EGLD) $ 36.41
flow
Flow (FLOW) $ 0.648272
beam-2
Beam (BEAM) $ 0.019395
msol
Marinade Staked SOL (MSOL) $ 219.29
gala
GALA (GALA) $ 0.026166
kucoin-shares
KuCoin (KCS) $ 9.98
axie-infinity
Axie Infinity (AXS) $ 6.37
bitcoin-sv
Bitcoin SV (BSV) $ 47.32
popcat
Popcat (POPCAT) $ 0.935286
eos
EOS (EOS) $ 0.609689
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 3,569.41
flare-networks
Flare (FLR) $ 0.020093
tokenize-xchange
Tokenize Xchange (TKX) $ 11.03
dydx-chain
dYdX (DYDX) $ 1.45
ethereum-name-service
Ethereum Name Service (ENS) $ 26.67
bittorrent
BitTorrent (BTT) $ 0.00000090264184
mog-coin
Mog Coin (MOG) $ 0.000002
ordinals
ORDI (ORDI) $ 41.04
neo
NEO (NEO) $ 12.02
akash-network
Akash Network (AKT) $ 3.50