After Two Years of Sleeping Dogecoin Whale Awakens After $100 Million Purchase!

Known for his love and support for Dogecoin Tesla CEO Elon MusAfter k put his dog Floki in the Twitter CEO chair Floki Inu (FLOKI) and Dogecoin (DOGE) There was a rise in meme tokens such as

dogecoin Although it has regained some of its gains in the last 24 hours, activity continues on the DOGE front.

After a whale bought a large amount of Dogecoin yesterday, a sleeping whale woke up today.

Popular on-chain data platform lookonchainsaid that a Dogecoin whale, which has been inactive for two years, has woken up and transferred 326.5 million DOGE to a new address.

“A wallet that has been idle for about 2 years transferred 326.4 million Dogecoins worth $28 million to a new address 30 minutes ago.

Will something happen to Dogecoin anytime soon?”

It is generally considered that such a large transfer can lead to a downward price movement for that altcoin.

In this context, if the whale sells the DOGEs immediately, it may cause a sudden price drop, but if the whale does not sell immediately and holds a little, the effect of this sale on the price will be minimal.

As it will be remembered, Lookonchain reported that a whale had 250 million dollars worth of 63 million dollars from the crypto exchange Crypto .com on February 16. DOGE on February 15, stated that it purchased 200 million DOGE worth $39 million.

2.32% decrease in the last 24 hours dogecoincontinues to trade at $ 0.08677 at the time of writing.

*Not investment advice.

For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price tracking right now by downloading our apps!


source site-4