#今日市场观点 DOGE fell below the $0.1 support, and the whale sold 400 million DOGE, causing market fluctuations. Where will it go in the future?

Recently, DOGE has not been immune to the overall volatility of the cryptocurrency market and has suffered huge selling pressure from the whale's selling, causing its key support level of $0.1 to fall.

In this wave of decline, a whale sold an astonishing 400 million DOGE on the Binance platform. This move was like a blockbuster bomb, causing the price of Doge to gradually lose the important support point of $0.1. This move not only exacerbated the pessimism in the market, but also made investors seriously question the future appreciation potential of the currency.

According to the release of the blockchain transaction tracking platform Whale Alert on the X platform, on July 5, a Doge whale transferred 400 million DOGE worth up to $41 million to Binance, the world's leading cryptocurrency exchange, through its address DU8gP. The huge amount of this transaction has attracted widespread attention in the market.

According to Blockchair data, the whale address currently still holds about 379.8 million DOGE, worth about $36.5 million. It is worth noting that CoinGape Media reported earlier that the address had accumulated about 1 billion DOGE from Binance at the beginning of this year. This sell-off seems to be a strategic reduction by the whale during this year's bull market.

With the large-scale sell-off of whales, market sentiment quickly turned pessimistic, and investors expressed concerns about whether Doge can regain its upward trend in the short term. It is worth noting that despite the large scale of the sell-off, the address still holds a large amount of Doge, which means that there is still uncertainty about the future direction of the market.

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#doge⚡ #BTC走势分析 #ASI代币合并计划