{"id":519388,"date":"2023-02-12T12:52:25","date_gmt":"2023-02-12T12:52:25","guid":{"rendered":"https:\/\/wncen.com\/?p=519388"},"modified":"2023-02-12T12:52:25","modified_gmt":"2023-02-12T12:52:25","slug":"dogecoin-whale-moves-100m","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/dogecoin-whale-moves-100m\/","title":{"rendered":"Dogecoin Whale Moves $100 Million From Unknown Wallet In 3 Different Transactions"},"content":{"rendered":"

Dogecoin’s acceptance on the cryptocurrency market has increased in recent months, and its value has reached new heights.<\/p>\n

At the time of writing, DOGE<\/a> is trading at $$0.0843, down nearly 12% in the last seven days. Though losing some aggressiveness in the last week, the meme coin has been able to maintain a 5% increase in the last 30 days, data from Coingecko shows, Sunday.<\/p>\n

\"\"<\/p>\n

\"\"<\/p>\n

Within the last 72 hours, well over $34 million worth of Doge has been moved to different unknown addresses, according to monitoring by whale tracker DogeWhaleAlert.<\/p>\n

Related Reading: This Altcoin Surprises Investors With 76% Gains In The Last 24 Hours \u2013 Find Out Here<\/a><\/div>\n

Dogecoin Whale Transfers A Total Of 1.2 Billion Coins\u00a0<\/strong><\/h2>\n

Now, this figure has just ballooned, as Whale Alert has detected three massive transfers<\/a> of Dogecoin (DOGE) worth a total of 1.2 billion coins.<\/p>\n

These latest transfers – whose source and destination are unknown and which were executed without any glitches\u00a0– further support the conviction that cryptocurrencies are the future of finance.<\/p>\n

According to the foremost tracker of major cryptocurrency transactions, the transfers – each worth 400 million DOGE – have got the crypto world enthusiastic as they total about $100 million.<\/p>\n

However, what has totally surprised the cryptocurrency community is the transaction charge. The transfers were completed for a modest $0.16 in DOGE – a cost that no traditional bank could ever exceed.<\/p>\n

Transfers Completed Within Minutes<\/strong><\/h2>\n

Transaction fees have been a major worry for users in the crypto market for a very long time. Since January 2021, the average Dogecoin transaction cost has been somewhat more than $0.44, relative to Ethereum.<\/p>\n

Ethereum tops the transaction fees department.\u00a0 According to on-chain data, a typical transaction on Ethereum costs more than\u00a0$1.6, but the same transaction on other protocols can be as high as\u00a0$9.<\/p>\n

Dogecoin and the broader cryptocurrency market began 2023 on a positive note, with the dog-themed coin’s price exhibiting a rising trend. However, Dogecoin has experienced a steep decline during the past week, undoing its earlier advances.<\/p>\n

Two whale addresses have received a total of 11,238,539 DOGE ($922,055) and 5,000,000 DOGE ($410,285) since Friday, when more huge transaction transfers were detected on the network.<\/p>\n

Bullish Near-Term Forecast For DOGE<\/strong><\/h3>\n

The increase in DOGE transfers from top whale accounts may imply a bullish near-term prognosis for the popular meme coin.<\/p>\n

Market observers hypothesize that larger interests are driving the massive crypto movement. Traders with long positions in the market may be aiming to increase their holdings.<\/p>\n

<\/p>\n

DOGE total market cap at $11 billion on the weekend chart | Chart: TradingView.com<\/a><\/pre>\n
Related Reading: MATIC Beats Top Cryptos BTC, ETH In Price Performance \u2013 Can It Sustain Tempo?<\/a><\/div>\n
In the meantime, the broader crypto market awaits an external positive signal from Tesla CEO\u00a0Elon Musk.<\/p>\n
\"Dogecoin\"Elon Musk. Image: Mashable<\/pre>\n
Twitter has proceeded with its ambitions to merge fiat and cryptocurrency payments into the microblogging application, and Dogecoin supporters are hopeful that the meme coin will be chosen as a cryptocurrency alternative.<\/p>\n
-Featured image from The Album<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Dogecoin’s acceptance on the cryptocurrency market has increased in recent months, and its value has reached new heights. At the time of writing, DOGE is trading at $$0.0843, down nearly 12% in the last seven days. Though losing some aggressiveness in the last week, the meme coin has been able to maintain a 5% increase in the last 30 days, data from Coingecko shows, Sunday. Within the last 72 hours, well over $34 million worth of Doge has been moved to different unknown addresses, according to monitoring by whale tracker DogeWhaleAlert. Related Reading: This Altcoin Surprises Investors With 76% Gains In The Last 24 Hours \u2013 Find Out Here Dogecoin Whale Transfers A Total Of 1.2 Billion Coins\u00a0 Now, this figure has just ballooned, as Whale Alert has detected three massive transfers of Dogecoin (DOGE) worth a total of 1.2 billion coins. These latest transfers – whose source and destination are unknown and which were executed without any glitches\u00a0– further support the conviction that cryptocurrencies are the future of finance. According to the foremost tracker of major cryptocurrency transactions, the transfers – each worth 400 million DOGE – have got the crypto world enthusiastic as they total about $100 million. However, what has totally surprised the cryptocurrency community is the transaction charge. The transfers were completed for a modest $0.16 in DOGE – a cost that no traditional bank could ever exceed. Transfers Completed Within Minutes Transaction fees have been a major worry for users in the crypto market for a very long time. Since January 2021, the average Dogecoin transaction cost has been somewhat more than $0.44, relative to Ethereum. Ethereum tops the transaction fees department.\u00a0 According to on-chain data, a typical transaction on Ethereum costs more than\u00a0$1.6, but the same transaction on other protocols can be as high as\u00a0$9. Dogecoin and the broader cryptocurrency market began 2023 on a positive note, with the dog-themed coin’s price exhibiting a rising trend. However, Dogecoin has experienced a steep decline during the past week, undoing its earlier advances. Two whale addresses have received a total of 11,238,539 DOGE ($922,055) and 5,000,000 DOGE ($410,285) since Friday, when more huge transaction transfers were detected on the network. Bullish Near-Term Forecast For DOGE The increase in DOGE transfers from top whale accounts may imply a bullish near-term prognosis for the popular meme coin. Market observers hypothesize that larger interests are driving the massive crypto movement. Traders with long positions in the market may be aiming to increase their holdings. DOGE total market cap at $11 billion on the weekend chart | Chart: TradingView.com Related Reading: MATIC Beats Top Cryptos BTC, ETH In Price Performance \u2013 Can It Sustain Tempo? In the meantime, the broader crypto market awaits an external positive signal from Tesla CEO\u00a0Elon Musk. Elon Musk. Image: Mashable Twitter has proceeded with its ambitions to merge fiat and cryptocurrency payments into the microblogging application, and Dogecoin supporters are hopeful that the meme coin will be chosen as a cryptocurrency alternative. -Featured image from The Album<\/p>\n","protected":false},"author":557,"featured_media":519393,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[85279,1785,87540,32968],"class_list":["post-519388","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto-whale","tag-doge","tag-dogecoin-whale","tag-whale-alert"],"acf":[],"yoast_head":"\nDogecoin Whale Moves $100M From Unknown Wallet<\/title>\n<meta name=\"description\" content=\"Within the last 72 hours, well over $34 million worth of Doge has been moved to different unknown 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Dogecoin Whale Moves $100 Million From Unknown Wallet In 3 Different Transactions","url":"http:\/\/wncen.com\/news\/dogecoin-whale-moves-100m\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/dogecoin-whale-moves-100m\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/a-22.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/a-22.png?fit=746%2C395"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["crypto whale","doge","dogecoin whale","whale alert"],"dateCreated":"2023-02-12T12:52:25Z","datePublished":"2023-02-12T12:52:25Z","dateModified":"2023-02-12T12:52:25Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Dogecoin Whale Moves $100 Million From Unknown Wallet In 3 Different Transactions\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin-whale-moves-100m\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin-whale-moves-100m\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/a-22.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/a-22.png?fit=746%2C395\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"crypto whale\",\"doge\",\"dogecoin whale\",\"whale alert\"],\"dateCreated\":\"2023-02-12T12:52:25Z\",\"datePublished\":\"2023-02-12T12:52:25Z\",\"dateModified\":\"2023-02-12T12:52:25Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/a-22.png?fit=746%2C395","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/519388"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=519388"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/519388\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/519393"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=519388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=519388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=519388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}