Dogecoin

Dogefather

<ul class="news-points"> 
 <li><strong>A DOGE whale has sent 300 million Dogecoin (DOGE) to Binance.</strong></li> 
 <li><strong>Historically, such movements have often increased price volatility.</strong></li> 
 <li><strong>It has also led to an uptick in exchange reserve, which is common in a bear market.</strong></li> 
</ul> 
<p>In a post on X (formerly Twitter), Whale Alert, an account dedicated to tracking the trading activity of crypto whales, found that a staggering 300 million <a href="https://coinedition.com/tag/dogecoin-doge/">Dogecoin (DOGE)</a>, valued at approximately $24.51 million, was transferred from an unknown wallet to leading cryptocurrency exchange Binance earlier today.</p> 
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  <img decoding="async" width="606" height="282" src="https://coinedition.com/wp-content/uploads/2024/01/whale-Alert-Doge.png" alt="" class="wp-image-359786" srcset="https://coinedition.com/wp-content/uploads/2024/01/whale-Alert-Doge.png 606w, https://coinedition.com/wp-content/uploads/2024/01/whale-Alert-Doge-300x140.png 300w, https://coinedition.com/wp-content/uploads/2024/01/whale-Alert-Doge-380x177.png 380w, https://coinedition.com/wp-content/uploads/2024/01/whale-Alert-Doge-159x74.png 159w, https://coinedition.com/wp-content/uploads/2024/01/whale-Alert-Doge-440x205.png 440w, https://coinedition.com/wp-content/uploads/2024/01/whale-Alert-Doge-414x193.png 414w, https://coinedition.com/wp-content/uploads/2024/01/whale-Alert-Doge-326x152.png 326w, https://coinedition.com/wp-content/uploads/2024/01/whale-Alert-Doge-377x175.png 377w, https://coinedition.com/wp-content/uploads/2024/01/whale-Alert-Doge-123x57.png 123w, https://coinedition.com/wp-content/uploads/2024/01/whale-Alert-Doge-129x60.png 129w" sizes="(max-width: 606px) 100vw, 606px">
  <figcaption class="wp-element-caption">
   <em><a href="https://twitter.com/whale_alert/status/1742790148381643220" target="_blank" rel="nofollow">Dogefather on the Move</a></em>
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</div> 
<h2 class="wp-block-heading" id="h-watch-out-for-a-price-dip"><strong>Watch Out For a Price Dip</strong></h2> 
<p>This kind of whale movement is often considered a bearish signal for several reasons. First, large transactions of this nature have been known to trigger price fluctuations as investors react to the perceived motivations behind the move.&nbsp;</p> 
<p><a href="https://coinedition.com/dogecoin-doge-price-prediction/">DOGE’s price</a> movements assessed within a 12-hour window period showed that this volatility had set in. At the time of this writing, the gap between the upper and lower bands of the coin’s Bollinger Bands indicator was starting to widen.&nbsp;</p> 
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  <img decoding="async" src="https://lh7-us.googleusercontent.com/GC5GmdWqKMVTa-s4e_C3x8dszJauTMg6ZC687sK9l33UUDyQ_MjBapJmmssMHkDkF8fnLx-ligYsm0Tn2RMlzQS7aaPyOafmsIEdXBqH8I0BP1ckud14W-p1sXyl0GPRmegaicN3Iu22-D92iLYCggk" alt="" style="width: 100%;height:auto">
  <figcaption class="wp-element-caption">
   <em>DOGE/USDT 12-Hour Chart (Source: <a href="https://www.tradingview.com/x/LnkFAC7R/" target="_blank" rel="nofollow">TradingView</a>)</em>
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<p>When the gaps between these bands widen, it is generally interp…</p>
<p>The post <a href="https://coinedition.com/dogefather-on-the-move-24m-transfer-sparks-speculation-is-a-bull-run-brewing/">Dogefather on the Move? $24M Transfer Sparks Speculation: Is a Bull Run Brewing?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Dogefather on the Move? $24M Transfer Sparks Speculation: Is a Bull Run Brewing?

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