#dogecoin20 💸💸💸💫💸💸💸

Whale wallets moved 456 million Dogecoin (worth $69 million) to Coinbase, sparking concerns about a new dump that could further suppress the meme coin's price.

The tokens were sent from two whale wallets that have held Dogecoin since last year; they sent in all their chips, lending credence to speculation of an imminent dump.

Dogecoin has fallen significantly over the past month, losing almost a third of its value in that time. Although the long-term outlook for the meme coin still looks positive, as Crypto News Flash reported, it could be headed for a bigger decline in the short term as whales dump their holdings.

Popular market service Whale Alert noted two massive transfers to Coinbase by two wallets. The first was made on Friday and involved 228.1 million DOGE, worth $34.34 million at the time.