Dogecoin

In the last 24 hours, top cryptocurrencies like Bitcoin, Ethereum, Dogecoin, Solana, and others have experienced a massive drop in their value. Amidst this price fall, DOGE experienced a drop of over 10%. Recently, a popular whale transaction tracker, Whale Alert, made a post on X (previously Twitter) that a massive amount of DOGE coins was transferred from Robinhood to an unknown wallet. Crypto whale adds 134 million of DOGE 
This post byWhale Alert highlights that this Whale took advantage of the price fall and added to its holdings. According to the post on X, this crypto whale added over 134 million DOGE worth around $27.65 million. This massive $27 million worth of DOGE could either have been purchased or simply reshuffled, as Robinhood allows users to store cryptocurrencies in dedicated wallets, including separate ones for Dogecoin. 
With this massive withdrawal of DOGE, currently, this DOGE whale holds nearly 2.1 billion DOGE tokens worth around $404 million.&nbsp;
In the last 24 hours, DOGE experienced a downside momentum of over 11%, and currently, it is trading near $0.18. If we look at DOGE’s performance over a longer period, in the last 7 days, DOGE’s price remained constant. Whereas, in the last 30 days, the performance of DOGE is better as it experienced an upside momentum of over 30%. Meme coins performance amid market fall 
DOGE is not the only meme coin that experienced a price fall. Other meme coins like SHIB, WIF, PEPE, FLOKI, and others also saw a price fall of over 10% in the last 24 hours. According to expert technical analysis, DOGE is going through a price correction, and there is a possibility that DOGE’s price could fall to $0.16 level. As the cryptocurrency market continues to fall, some <a href="https://news.todayq.com/dogecoin-whales-move-1-68-billion-doge-whats-happening/" rel="noopener noreferrer nofollow">crypto giants</a> are taking this as an opportunity to add massive tokens to their holdings.
However, recently on April 1, 2024, aprominent trader and analyst made a post on X that despite the hype around new meme coins, Dogecoin remains a key player in the altcoin world. Looking at its past trends, it seems to be following a similar pattern to 2018-2021. This suggests that Dogecoin might be gearing up for a big surge in value.

Did Dogecoin whales just buy the dip in $27M move or what?

Todayq News

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