dogecoin Whales Shift 545 Million DOGE As Price Nears $0.08
Dogecoin, one of the most prominent meme coins in the cryptocurrency space, has once again created a speculative maelstrom in the vast sea of digital assets following significant whale transactions recorded by the token. Interestingly, these transfers seem to have attracted a lot of attention among crypto market enthusiasts globally as they come amidst the token’s price surge.
Moreover, with more than 545 million DOGE in motion, the market sentiment around Dogecoin seems to have become exciting. Crypto market traders appear to be keeping an intense eye on the token as whale transactions and subsequent price increases occur simultaneously.
DOGE Whale Transfers: Detailed Report
Three notable whale transactions took place on Tuesday, January 9, according to data released by Whale Alert, a platform that facilitates blockchain monitoring insights. Additionally, these transactions collectively revealed a reallocation of 545.12 million DOGE, sparking speculation across the crypto horizon.
The first transaction that particularly caught the attention of the global market was the move of 78.05 million DOGE worth $6.29 million from an unknown wallet to Robinhood. Also noteworthy, the second transaction showed the transfer of 134.14 million DOGE worth $10.84 million from Robinhood to an unknown wallet.
Simultaneously, the third transaction involved shifting 332.93 million DOGE worth $26.61 million to Binance, one of the leading crypto exchanges. In line with this, the meme coin has now noted a $43.74 million reshuffling of DOGE, raising additional implications for the broader crypto market.
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Dogecoin Price Springs
As of this writing, Dogecoin price has shown significant upward momentum, reaching $0.07875, up 1.18% in the last 24 hours. Moreover, this rise was accompanied by a marginal jump in the market value of the token; It increased by 0.96%, reaching $11.24 billion. However, memecoin’s weekly and monthly charts showed notable declines, leading to additional takeaways among crypto market fanatics worldwide.
Additionally, with the increase in on-chain activity around Dogecoin, traders and investors expect DOGE prices to increase soon.
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