Whale-watching bot Whale Alert has detected two suspicious transactions in the last 24 hours carrying large amounts of DOGE and XRP. $5 million DOGE transferred to Coinbase strengthens the possibility of selling as the price is on the rise.
Whales send 60 million DOGE to Coinbase with price hikes
Dogecoin (DOGE) whale activity is accelerating with the recent transfer of 60 million Dogecoins, currently worth $5.2 million, to Coinbase. The hefty transfer of the day came as Dogecoin rose 5%. Whale-watching bot Whale Alert reported that earlier in the day, an anonymous wallet transferred $60,329,067 (60.3 million) DOGE worth $5.2 million to a Coinbase-affiliated wallet.
The Coinbase wallet currently holds 54.7 million DOGE worth $4.9 million. Over the past few weeks, it has made loads of transactions between anonymous wallets. The latest transaction is the latest in a series of notable whale moves throughout the week after several bullish developments surrounding Dogecoin. Whale Alert highlighted on Tuesday 57 million DOGE transfers worth $5.1 million from an anonymous wallet to Coinbase.
Another transaction reported by Whale Alert is the transfer of 431.5 million XRP, which took place at a time when the price was also on the rise.
Whales moved 431.5 million XRP
The two whale transactions carrying large amounts of Ripple-linked crypto included 253,594,773 XRP and 160,000,000 XRP worth $103 million and $65 million, respectively. The larger transfer was between two anonymous crypto addresses. The smaller one was an internal transaction run by the major South Korean Bithumb exchange.
Why did DOGE and XRP whales become active again?
In the new year, the cryptocurrency market has managed to reclaim the critical resistances that it had difficulty breaking through 2022. XRP in particular was the subject of numerous interviews with Ripple Chief Executive Officer Brad Garlinghouse during the annual World Economic Forum held in Davos, Switzerland this year. Garlinghouse said that the court expects its decision on the SEC’s long-running lawsuit against Ripple to be rendered this year, and possibly even within the next few months, because all the necessary files have been submitted and only the decision will remain.
On the other hand, DOGE is getting active again with a new Elon Musk tweet.
McDonald’s can add Dogecoin to payment method list
Dogecoin supporter Elon Musk said that if McDonald’s starts accepting Dogecoin, he will eat a hamburger live. This issue came up again on January 27th. You can check out the details here before continuing. Now a member of the Dogecoin community says McDonald’s would profit from such a move. On Twitter @DogeDillionaire, Elon Musk stressed that a Happy Meal menu on television will be watched by millions and this product will go viral, thus greatly expanding McDonald’s active customer base.
cryptocoin.com We have included the current DOGE technical analysis in this article. After a slight rise like XRP in Dogecoin, he saw a large amount of whale transactions.
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