Dogecoin

Shiba Inu

<ul class="news-points"> 
 <li><strong>Whales sent 579 trillion SHIB to Binance while 514.74 million DOGE were involved in large transactions.&nbsp;</strong></li> 
 <li><strong>DOGE rose to $0.093 but could face resistance at the $0.095 region.</strong></li> 
 <li><strong>While SHIB’s volatility increased, it may consolidate between $0.000010 and $0.000011.</strong></li> 
</ul> 
<p>According to Whale Alert, whales have been making a lot of memecoin transactions since December 18. The whale tracking handle noted in a post on X that one whale <a href="https://twitter.com/whale_alert/status/1737005532190249115" target="_blank" rel="nofollow">shifted</a> 64.74 million <a href="https://coinedition.com/will-doge-survive-the-ongoing-evolution-of-shib-and-bonk/">Dogecoin (DOGE)</a> to Coinbase.</p> 
<p>A transaction like this suggests that the whale in question could be about to sell. This could put downward pressure on the price of DOGE. Meanwhile, another whale made another large transaction, sending 450 million DOGE to an unknown wallet.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> 450,000,000 <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#DOGE</a> (41,555,713 USD) transferred from unknown wallet to unknown wallet<a href="https://t.co/dTa4b5CSlo" target="_blank" rel="nofollow">https://t.co/dTa4b5CSlo</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1737003875415023712?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">December 19, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>In this case, it was uncertain if the latter whale aimed to sell or keep for the long term. Meanwhile, Dogecoin was not the only meme on the radar of whales as <a href="https://coinedition.com/shiba-inu-army-awaits-potential-1m-shibarium-powered-shib-burn/">Shiba Inu (SHIB)</a> was also spotted being moved around in bulk. According to Whale Alert, 579.04 trillion SHIB tokens were sent to the B…</p>
<p>The post <a href="https://coinedition.com/dogecoin-shiba-inu-whales-make-big-moves-to-what-end/">Dogecoin, Shiba Inu Whales Make Big Moves: To What End?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Dogecoin, Shiba Inu Whales Make Big Moves: To What End?

Coin Edition

Other articles published on Dec 19, 2023

Ethereum Bearish Falling Wedge Pattern Appears, How Low Can Price Go?

Hackers Sell Access to Binance Customer Information for $10,000

NEXO Price Formed a Base; It Resumes the Rally to Hit $1 Mark

Injective, Fetch.ai, and Meme Moguls riding the Santa Rally

Here’s how BNB reacted to Binance’s settlement with CFTC

Nexon Pumps $100M Into Its Web3 Gaming Project MapleStory

Join our free newsletter for daily crypto updates!