Overwhelming amount of Dogecoin has been transferred to leading exchanges, while the DOGE price surged
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According to the data published by the prominent blockchain sleuth Whale Alert, which tracks down large cryptocurrency transactions, almost half a billion Dogecoin has been sent to two leading trading platforms with a likely goal to be sold. It happened amid the large price increase of Dogecoin that has occurred this week.
The above-mentioned source of data published announcements about five enormous transactions which transferred almost 681 million DOGE. The latest two of them carried 89,999,572 and 300,000,000 DOGE meme coins to two leading cryptocurrency trading venues – Coinbase and Robinhood. These transfers were valued at $65.5 million in fiat. Those were likely potential sales to be made on those exchanges.Earlier than those, Whale Alert registered three more transactions.
Dogecoin remains a subject of interest to crypto whales as this is one of the top ten digital assets with wide adoption. Besides, it is supported by the tech billionaireand many within the DOGE community cherish hopes that Elon will integrate DOGE on X this year once internal payments are launched. However, that immense growth was followed by a decline of more than 3%, bringing the price down to the $0.1667 level.Yuri is interested in technology and technical innovations.
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