Meme Coin Whale’s Surprising Move: This Move Led to Speculation, Here’s What Happened!

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Tracking platform Whale Alert has unexpectedly launched the popular meme coin dogecoin He recorded a significant transaction involving (DOGE).

An anonymous whale quickly dumped 86 million DOGE worth approximately $14.12 million onto popular US-based broker Robinhood. This surprising action caused waves in the DOGE market, especially in price.

The sender identified only by the address “DF8j” has a large-scale transaction history. The latest transactions are consistent with the previous ones. Despite the massive sale, there are still four million DOGE in the whale’s wallet, worth approximately $645,242 is located.

Dogecoin (DOGE) Price Status

Simultaneously, DOGE’s value fell throughout today’s trading session. DOGE has lost 8.8% of its value since trading began, with the decline exceeding 10% at times. This decline resulted in significant liquidations, forcing assets worth more than $2.26 million to be closed, primarily long positions.

DOGE is currently trading at $0.161 and has a market cap of approximately $23 billion. Despite the downward trend, trading volume remains strong, 28% above yesterday’s levels. DOGE is the seventh largest cryptocurrency by volume, with transaction turnover exceeding $5.15 billion.

While normal investors were aggressively buying DOGE and entering into long-term bets, the behavior of these mysterious whales presented a striking contrast. It needs to be clarified whether this massive sell-off is part of a more significant trend or the choice of a single major investor. Only time will tell the full significance of this unexpected and significant surge in the Dogecoin market.


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