Dogecoin

<p>A major Dogecoin (DOGE) whale made waves in the crypto world as it transferred a staggering amount of over $445 million worth of the popular <a href="https://blockchainreporter.net/glossary/memecoin/" rel="noopener noreferrer nofollow">memecoin</a>. The series of transactions took place on Monday, with the unknown whale swiftly moving 6.26 billion DOGE across <a href="https://bitinfocharts.com/dogecoin/address/DDuXGMFNGpGjaAqyDunSMvceMBruc1wwKF" rel="noopener noreferrer nofollow">seven transactions</a> in less than 10 minutes. These transfers captured the attention of crypto enthusiasts and analysts, shedding light on the shifting dynamics of Dogecoin’s top wallets.</p><h2 id="header-0">Whale Activity and Wallet Rankings</h2><p>The mysterious Dogecoin sender, previously holding a top-10 address, executed the transactions, resulting in a drop to the 19th-largest wallet position. However, the DOGE whale quickly regained momentum by receiving more than 5.46 billion DOGE across two separate transactions on Tuesday morning, reclaiming the fifth spot.</p><p>As of now, the sender holds approximately 6 billion DOGE, valued at over $445 million. On the other hand, the receiving wallet, once the fifth-largest, climbed to become the second-largest Dogecoin address, boasting an impressive 8.84 billion DOGE, worth more than $643 million.</p><p>The richest Dogecoin address currently belongs to Robinhood, holding a substantial 22.6 billion DOGE, valued at over $1.6 billion. This significant holding represents around 16.23% of Dogecoin’s total supply, further highlighting the influence of prominent players in the <a href="https://blockchainreporter.net/market/" rel="noopener noreferrer nofollow">market</a>.</p><h2 id="header-1">Dogecoin Price Action and Market Outlook</h2><p>As for DOGE’s <a href="https://coinmarketcap.com/currencies/dogecoin/" rel="noopener noreferrer nofollow">market performance</a>, the coin is <a href="https://blockchainreporter.net/glossary/trading/" rel="noopener noreferrer nofollow">trading</a> at nearly $0.07114 at the time of writing. While experiencing a slight 2.87% dip in the past 24 hours, the hourly chart indicates a potential local support level. Should the daily candle close above $0.07255, a modest growth toward the resistance at $0.07396 becomes plausible for the Dogecoin price.</p><p>Zooming out to the bigger chart, a neutral stance prevails as neither bulls nor bears have gained sufficient momentum. Consolidation within the narrow range of $0.072 to $0.08 is expected throughout the current week, as indicated by the Dogecoin technical analysis. The absence of significant volume confirms the indecisiveness in the market.</p><p>Looking ahead, traders can anticipate continued sideways trading of <a href="https://dogecoin.com/" rel="noopener noreferrer nofollow">Dogecoin</a> price until mid-June, with a range of $0.07 to $0.08 likely to dominate the Dogecoin price action. As Dogecoin continues to garner attention and navigate market fluctuations, traders and enthusiasts will closely monitor the evolving landscape.</p>

Dogecoin Whale Transfers over $445M Worth of Coins, Dogecoin Price Reacts

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