Dogecoin

Billion

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<a href="https://twitter.com/whale_alert/status/1692455845018112380?s=20" rel="noopener noreferrer nofollow">WhaleAlert</a>, a renowned blockchain tracking service, revealed the staggering movement of nearly half a billion Dogecoins within a mere six-hour span. This extraordinary move unfolded against the backdrop of a significant downturn in the DOGE market, which had seen a 17.5% drop just a day ago, pushing the cryptocurrency to its lowest point in over two months. 
<img alt data-entity-type="file" data-entity-uuid="378c88ac-281f-4779-902b-8c22cee0d1ef" src="https://u.today/sites/default/files/inline-images/DOGE_1D_graph_coinmarketcap_2.jpeg">DOGE to USD by <a href="https://coinmarketcap.com/currencies/dogecoin/" rel="noopener noreferrer nofollow">CoinMarketCap</a> 
The drama commenced with an eye-popping transfer of 129.67 million DOGE, equivalent to a substantial $7.9 million, from Robinhood to the wallet of an unidentified Dogecoin whale. Not long after, an even more jaw-dropping transaction surfaced&nbsp;— a colossal withdrawal of 308.39 million <a href="https://u.today/two-dogecoin-doge-and-litecoin-ltc-pairs-kicked-out-by-binance-amid-sec-battle" rel="noopener noreferrer nofollow">DOGE</a>, valued at $19.22 million, was swiftly executed from <a href="https://u.today/binance-v-sec-protective-order-motion-set-for-new-venue" rel="noopener noreferrer nofollow">Binance</a> to another undisclosed address. 
<blockquote class="twitter-tweet"> 
 🚨 308,390,532 <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#DOGE</a> (19,220,280 USD) transferred from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> to unknown wallet<a href="https://t.co/5lPBZoWZRV" rel="noopener noreferrer nofollow">https://t.co/5lPBZoWZRV</a>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1692455845018112380?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 18, 2023</a> 
</blockquote> 
Interestingly, the first transfer coincided with a slight technical rebound in Dogecoin's price, wherein a resilient 9.71% of the earlier plummet was reclaimed. The subsequent chain of events saw DOGE rallying further, notching an additional 2.23% surge in its market value. 
The second transfer unfolded against the backdrop of a DOGE price surge, achieving a local intraday zenith. While the timing of the purchase may not align precisely with the transaction itself, the subsequent trajectory proved less favorable, with the <a href="https://u.today/doge-and-shib-price-analysis-for-august-15" rel="noopener noreferrer nofollow">DOGE price</a> dropping 0.69%. 
For now, it is a <a href="https://u.today/shocking-1-billion-in-crypto-liquidated-on-market-following-massive-correction" rel="noopener noreferrer nofollow">bloodbath</a> on the streets of the crypto world, and figuring out what comes next is harder than ever. Nevertheless, such activity of big players may not be a benchmark but something to keep in mind when making investment decisions in a period of uncertainty.

Whopping Half Billion Dogecoin Vanish into Mystery Wallets as DOGE Price Crashes

U_Today

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