Dogecoin Whales Shift 438 Mln DOGE As Price Dips, What’s Next?

Dogecoin, one of the top trending meme coins within the digital assets realm, moved back to the groove once again as it gained substantial traction across the broader crypto market today, recording colossal whale transfers recently. Simultaneously, as the whale transfers surfaced within the market amid a price dip noted by the token, crypto market enthusiasts eyed the token extensively.

Moreover, as portrayed by on-chain data, the whale transactions orbiting the meme coin attributed to the relocation of over 438 million DOGE over the past day. Meanwhile, market sentiments for the token following its recent whale chronicle seem to be bolstering up, signaling a possible surge ahead.

Whale Transfers Orbiting DOGE

As per the data disclosed by Whale Alert, a platform facilitating on-chain metrics, two significant DOGE whale transfers took place over the past 24 hours, collectively shifting 438.28 million coins as of writing.

Notably, concerning the data, an unknown wallet, DF8jRK7rt6…fjcJHvjEGb, was registered, transferring 71 million DOGE to Robinhood, a California-based CEX. The number of coins transferred to Robinhood totaled $6.39 million while writing.

In addition, another transaction appears to have propelled inferences, transferring 367.06 million DOGE, worth $33.62 million, between unknown wallets. As per the data, the unknown wallet, DU8gPC5mh4…rk2jAguBr5, was noted making the prior stated transfer to another wallet address, DTSop4ycWk…3z7B4kW4T3.

Also Read: Crypto Analyst Predicts Bitcoin Price Correction To $26K Before Hitting $130K

Dogecoin Price Dips

As of writing, the Dogecoin price showcased a marginal fall of 0.28% in the past 24 hours and is currently trading at $0.09202. This fall was further accompanied by a decrease in the token’s total market cap, falling 0.27% over the past day, reaching $13.10 billion.

However, market charts illuminated a weekly surge of 1.84%, escorted by a monthly upswing of 15.15%. Besides, the price rise in recent days also aligns with the token’s upsurge in its 24-hour trading volume. While writing, the token’s trading volume soared 5.67% and is currently resting at $521.14 million. Furthermore, the token’s market chart appears to be gradually moving upwards, garnering bullish thoughts for the token.

Also Read: Binance Relists SOL, XRP, ADA, MATIC, And Other Crypto In USDC Spot Pairs

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