A Dogecoin (DOGE) whale in the cryptocurrency market has transferred a significant amount of the popular meme-based cryptocurrency from his portfolio to the Binance exchange.
The Great Dogecoin Whale Moved 332.9 Million DOGE to Binance
According to data reported by Whale Alert, a Twitter account that tracks major crypto transactions, 332,931,620 DOGE, equivalent to $26,612,151, were moved from an unknown wallet to Binance.
Despite a 2.46% increase in the last 24 hours, Dogecoin's current price stands at $0.07859, reflecting a significant decline of 21.98% over the last 30 days.
24-hour trading volume for DOGE decreased by 15.05% to $477.19 million, indicating lackluster market performance.
The crypto community's attention recently turned to a highly anticipated space launch that involved sending a physical representation of Dogecoin to the moon.
However, the excitement surrounding this unique event seems to have quickly dissipated as the Dogecoin market did not experience the expected volatility.
The transfer of a significant amount of DOGE to Binance by a whale adds an additional layer of uncertainty to the ongoing dynamics in the Dogecoin market.
While the reason behind such a significant transfer remains unclear, developments like this lead to speculation about the Dogecoin ecosystem.
*This is not investment advice.
