By: PDOGE, Editor's team

Whales Suddenly Move Over 776,000,000 Dogecoin Following DOGE Bounce – Here’s Where the Crypto Is Headed

Deep-pocketed crypto investors have initiated significant transfers of Dogecoin (DOGE) as the popular memecoin rebounds from a recent monthly low. The Whale Alert blockchain monitoring platform observed these large DOGE transactions, totaling 776,351,068 DOGE worth $48.47 million. One notable transfer involves a crypto whale moving 308,390,532 DOGE worth $19.22 million from Binance to an unknown wallet. Interestingly, this transaction incurred minimal fees.

In a separate instance, another crypto whale moved 253,419,377 DOGE valued at $16.05 million from Robinhood to an unidentified wallet, with a transaction fee of about $0.28. Another substantial holder shifted 129,673,539 DOGE worth $7.90 million from Robinhood to an unknown wallet, paying $0.57 for the transfer. Moreover, an additional transfer of 84,867,620 DOGE worth $5.30 million was observed, moving from an unknown wallet to Robinhood for less than $0.10 in fees. As the DOGE was moved to an exchange, it might be intended for sale on the open market.

These large Dogecoin transfers coincide with the ongoing recovery efforts of the leading memecoin following a market downturn. After hitting a monthly low of $0.059 on August 18th during the broader crypto sell-off, Dogecoin has rebounded and is currently trading at $0.064 at the time of writing.

 Is it the time for the DOGE whale to change its mind to PDOGE? :-) 

By: PDOGE, Editor's team 

Source from dailyhodl.com : Link