One of the most popular meme coins in the crypto arena. dogecoin, sparked widespread speculation following recent observations of significant whale activity. This whale movement recorded during the token’s decline triggered a series of speculations as market data showed the movement of approximately 1 billion DOGE.
Additionally, the transfer of DOGE involved moving the coin from a centralized exchange (CEX) to an unknown wallet, creating optimism for the token. According to the data, in connection with this massive whale transaction that took place on December 26, a whale transferred 999.99 million DOGE from Binance to two unknown wallets, namely DU8gPC5mh4…rk2jAguBr5 and DQnhnNxW89…DvtzwF9sGo, respectively.
Meanwhile, at the time of writing, the transferred meme coin The total value of ‘s was recorded as 91.19 million dollars. However, the whale transaction signals a potential decrease in the token’s circulating supply, raising the possibility of further speculation for the meme coin. In particular, data reveals that crypto traders and investors showed intense interest in the token during the price decline.
DOGE Price Drops
Koinfinans.com As we reported altcoin At the time of writing this news, it decreased by 0.62% in the last 24 hours. It is currently at $0.09257. Additionally, this decline came with a weekly decline of 0.30%. Interestingly, reflecting DOGE’s recorded price decline, the token’s market cap is currently valued at $13.17 billion, a decline of 0.63%. However, 24-hour trading volume appears to have increased significantly, indicating a daily increase of 7.54%.
Market sentiment around DOGE, the whale move that took place during the price drop, appears to be entering an interesting phase. Given that whale activity reflects a potential decrease in the token supply, crypto enthusiasts appear to have increased their confidence in DOGE.