#Balinalar In Action, #Dogecoin Price Rising
A significant amount of #DOGE transfers were noted by tracking platform Whale Alert in the last 24 hours. On Monday, Whale Alert reported that over 85 million DOGE worth approximately $7.6 million were transferred from an undisclosed wallet to digital asset exchange Robinhood. According to data from Whale Alert, another unknown wallet, “DGK…CUd” moved more than 57 million DOGE worth approximately $5.1 million to Robinhood on the same day. This move marked an increase in the token's total supply, sparking speculation regarding its potential impact on the DOGE price.
A mysterious Dogecoin whale sparked speculation around DOGE prices when 450 million DOGE was transferred between two on-chain wallets. Converting it to fiat, this massive DOGE move was worth approximately $41.5 million at the time of the stamped transaction, according to Whale Alert. Meanwhile, another large investor shifted 64.7 million DOGE worth approximately $6 million from an unknown wallet address crypto trading platform #Coinbase’e .
The DOGE community and the broader crypto market are on edge following these significant transactions. Because these can be indicative of larger market trends and reveal the intentions of major players in the space.
Following massive transfers, Dogecoin rose 1.90% to $0.09282, while trading volume rose 29.55% to $647.1 million.
At the time of this writing, DOGE is valued at $0.093, down 3.1% in the last seven days. Additionally, its total market capitalization was more than $13 billion. According to data, despite losing momentum last week, memecoin managed to gain 18.4% in 30 days.