{"id":605258,"date":"2024-04-26T23:00:17","date_gmt":"2024-04-26T23:00:17","guid":{"rendered":"https:\/\/wncen.com\/?p=605258"},"modified":"2024-04-26T13:26:55","modified_gmt":"2024-04-26T13:26:55","slug":"dogecoin-whales-456-million-doge","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-whales-456-million-doge\/","title":{"rendered":"Brace For Price Impact: Dogecoin Whales Move Massive 456 Million DOGE To Exchanges"},"content":{"rendered":"
Recent on-chain data has shown a transfer of 456 million DOGE tokens into crypto exchange Coinbase amidst a <\/span>flurry of Dogecoin whale transactions<\/span><\/a> across various exchanges in the past 24 hours. The <\/span>price of DOGE<\/span><\/a> has majorly traded below the $0.165 price level in the past seven days despite the price uptick among other meme coins. These recent events of whale transfers, however, appear to be leading to a bearish view towards DOGE. Transfers of this nature into a crypto exchange point to the whales getting ready to sell off their bags, which risks crashing the DOGE price.\u00a0<\/span><\/p>\n Whale Alerts, a crypto whale transaction tracker, has shown various <\/span>instances of whale transactions<\/span><\/a> in recent hours. Amidst these transactions is the transfer of 456.83 million DOGE tokens worth $68.7 million into popular crypto exchange Coinbase. Interestingly, the transfer of DOGE was made to Coinbase in two bouts of 228 million DOGE, each worth over $34 million.<\/span><\/p>\n Related Reading: Renowned Economist Reveals What Will Happen If Bitcoin Can\u2019t Hold $60,000<\/a><\/p>\n However, considering these transactions were sent in quick succession, the nature of their movement points to them being controlled by the same whale entity.\u00a0<\/span><\/p>\n \ud83d\udea8 \ud83d\udea8 228,105,810 #DOGE<\/a> (34,341,747 USD) transferred from unknown wallet to #Coinbase<\/a>https:\/\/t.co\/G8TGqtW5Ws<\/a><\/p>\n \u2014 Whale Alert (@whale_alert) April 26, 2024<\/a><\/p><\/blockquote>\n \ud83d\udea8 \ud83d\udea8 228,725,906 #DOGE<\/a> (34,435,104 USD) transferred from unknown wallet to #Coinbase<\/a>https:\/\/t.co\/ACnqjOBCAO<\/a><\/p>\nWhales Move 456 Million DOGE To Crypto Exchange<\/h2>\n
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