2024

Dogecoin

Million

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In a surprising turn of events,&nbsp;<a href="https://x.com/whale_alert/status/1768518943491125343?s=20">Whale Alert</a>, a tracking service, has uncovered a significant transaction involving meme-inspired cryptocurrency Dogecoin (DOGE). An unidentified whale swiftly unloaded a staggering 86 million DOGE, valued at approximately $14.12 million, to prominent U.S.-based broker Robinhood. This unexpected move has sent ripples through the DOGE market, particularly impacting the price of the coin.
The sender, identified only by the address "DF8j," has a history of large-scale transfers, making this latest transaction somewhat consistent with previous actions. Despite the massive sell-off, there remains four million DOGE, worth around $645,242, in the whale's wallet.
<blockquote>
 🚨 86,000,000 <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw">#DOGE</a> (14,123,854 USD) transferred from unknown wallet to <a href="https://twitter.com/hashtag/Robinhood?src=hash&amp;ref_src=twsrc%5Etfw">#Robinhood</a><a href="https://t.co/H8XouHMPv6">https://t.co/H8XouHMPv6</a>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1768518943491125343?ref_src=twsrc%5Etfw">March 15, 2024</a>
</blockquote> 
<h2 id="dogecoin-doge-price-outlook">Dogecoin (DOGE) price outlook</h2>
Simultaneously, the value of&nbsp;<a href="https://u.today/shiba-inu-shib-and-dogecoin-doge-leading-80-billion-meme-coin-inflow">Dogecoin</a> has plummeted during today's trading session. Since the commencement of trading, DOGE has experienced a significant decline of 8.8%, with the drop exceeding 10% at one point. This downturn has led to substantial liquidations, with positions totaling over $2.26 million being forcibly closed, predominantly affecting long positions.
<img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="8c57565b-32db-4049-9108-72ff6f1b3481" src="https://u.today/sites/default/files/inline-images/dogeprice.png">DOGE to USD by <a href="https://coinmarketcap.com/currencies/dogecoin/">CoinMarketCap</a>
As of now, Dogecoin is priced at $0.161, with a total market capitalization of approximately $23 billion. Despite the downward spiral, trading volume remains notably high, standing 28% above yesterday's levels. With a trading turnover exceeding $5.15 billion, Dogecoin retains its position as the seventh-largest&nbsp;<a href="https://u.today/rich-dad-poor-dad-author-kiyosaki-recognizes-bitcoins-dominance-over-gold">cryptocurrency</a> by trading volume.
While retail investors have been actively buying&nbsp;<a href="https://u.today/doge-price-skyrockets-as-musk-breaks-silence-on-dogecoin-for-tesla-payments">DOGE</a> and entering long futures positions, the actions of these unidentified whales have presented a stark contrast. It remains unclear whether this significant sell-off is indicative of a broader trend or simply the decision of a single major investor. Only time will reveal the true implications of this sudden and substantial movement in the Dogecoin market.

Whale Suddenly Unloads 86 Million DOGE, Sending Dogecoin Price into Freefall

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