Billions of Dogecoins (DOGE) Take Action: DOGE Investors Concerned

bitcoin‘of (BTC) At a time when it was almost nailed to the support of $ 46,000, some altcoins began to use it to their advantage. Cosmos (ATOM) and Chainlink (LINK) While some cryptocurrencies, such as cryptocurrencies, have achieved a serious rise, some altcoins, which are more active than before, have similar expectations in investors.

Billions of transfers made DOGE is definitely one of them.

Suspicious Transactions on the DOGE Network

Declining to the 12th largest cryptocurrency by total market capitalization Dogecoin (DOGE), $0.17 Although it held on with its support, the latest news caused investors to wonder what to do. According to the information conveyed by the Twitter account DogeWhaleAlert, a total of over 1 billion DOGE transactions took place within 24 hours.

In total, more than 15 transactions were made, and in some of them 150.000.000 or 286,625,958 Huge quantities of DOGE have been sent, such as pieces. The fact that most of the said transfers were made between anonymous wallets increased the fear and anxiety even more.

It is seen that the total DOGE value transferred within 24 hours corresponds to 176 million dollars. It is seen that Robinhood wallets also have a hand in DOGE transfers and act as a receiver in some transactions and as a sender in others.

Robinhood is undoubtedly one of the platforms with the highest DOGE trading volume, and postings here may actually be due to excess volume. Although it is not known why these transfers were made at the moment, DOGE continues to hold at the 0.17 support point.

Especially since such transfers are known to deepen the selling pressure, it can be preferred to stop in serious breakdowns under $0.165.

*Not investment advice.

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