Shift

Wednesday

Dogecoin

Chronicle

Dogecoin, one of the most popular meme coins within the cryptocurrency realm, gained significant traction on Tuesday as the token recorded a colossal whale transfer amid today’s price drop. Aligning with this, on-chain data illuminated the transfer of roughly 1 billion DOGE within the broader crypto market today, fueling speculations among crypto market fanatics for the token. 
Meanwhile, the transfer of DOGE encompassed the shifting of coins from a CEX to an unknown wallet, propelling optimism for the token. 
<h2 id="a-closer-look-into-today-s-doge-whale-chronicle">A Closer Look Into Today’s DOGE Whale Chronicle</h2> 
According to the <a href="https://whale-alert.io/transaction/dogecoin/190b38cc61a7b97fa32f8722395e3d329c58d342bde07b401060fd178a05496f" target="_blank" rel="noopener">data</a> unveiled by Whale Alert, a platform streamlining blockchain metrics, the colossal whale transaction occurred today, December 26. Moreover, concerning the data, a whale seems to have transferred 999.99 million DOGE from Binance to two unknown wallet addresses, DU8gPC5mh4…rk2jAguBr5 and DQnhnNxW89…DvtzwF9sGo. 
Meanwhile, the number of coins transferred collectively amounted to $91.19 million while writing. 
However, the whale transaction showcased a potential decrease in the token’s circulation supply, fueling further inferences for the meme coin. Notably, as the data surfaced over the crypto horizon amid a price drop, crypto traders and investors seem to be eyeing the token extensively. 
Also Read: <a href="https://coingape.com/billionaire-mark-cuban-offloads-polygon-matic-holdings-to-coinbase-price-fell-5/" target="_blank" rel="noopener">Billionaire Mark Cuban Offloads Polygon (MATIC) Holdings To Coinbase, Price Fell 5%</a> 
<h2 id="doge-price-tumbles">DOGE Price Tumbles</h2> 
As of writing, the <a href="https://coingape.com/price/dogecoin/" target="_blank" rel="noopener">DOGE price</a> chart illustrated a downward trajectory, falling 0.62% over the past 24 hours, and is currently trading at $0.09257. In addition, this fall was further accompanied by a weekly plunge of 0.30%. 
Intriguingly, the token’s market cap also reflects the price drop noted by DOGE, illustrating a marginal drop of 0.63% and is currently evaluated as $13.17 billion. However, the 24-hour trading volume appears to have risen substantially, showcasing a 7.54% surge over the past day. 
With the whale chronicle positioning itself amid a price drop, market sentiments orbiting DOGE seem to have taken an exciting turn. Crypto market enthusiasts appear to have bolstered their confidence in DOGE, as whale activity mirrored a potential reduction in the token’s supply. 
Also Read: <a href="https://coingape.com/xrp-whales-shift-38-mln-xrp-amid-price-flux-nosedive-ahead/" target="_blank" rel="noopener">XRP Whales Shift 38 Mln XRP Amid Price Flux, Nosedive Ahead?</a> 
The post <a href="https://coingape.com/whale-buys-1-bln-dogecoin-from-binance-is-0-1-next/">Whale Buys 1 Bln Dogecoin From Binance, Is $0.1 Next?</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Whale Buys 1 Bln Dogecoin From Binance, Is $0.1 Next?

Table of Contents

Coingape News Media

Other articles published on Dec 26, 2023

Altcoins May Soon Fall Into the ‘Sell the News’ Trap: Did the Bears Diffuse the Santa Rally?

AI’s Growing Influence on Online Interactions Raises Concerns and Calls for Security Measures

Bitcoin Evangelist Demeester Slams Altcoins as Zombiecoins

Tezos Coin Price: XTZ Crossed $1, Don’t Miss this Bull Run

Could Litecoin (LTC) And Chainlink (LINK) Market Resilience Make Them Safest Bets Over Ethereum I...

Bitcoin Price Prediction As New Bearish Pattern Threatens 16% Downside Risk

Join our free newsletter for daily crypto updates!