[$103 million Dogecoin withdrawn from bankrupt cryptocurrency exchange]
Dogecoin (DOGE) saw a massive withdrawal earlier today, with more than 103 million DOGE (approximately $11.2 million) transferred from bankrupt cryptocurrency exchange Bittrex to unknown wallets. Bittrex will close trading in December 2023 and allow users to withdraw assets before closing operations.
This withdrawal is a routine operation in which the holder transfers the asset to a private wallet and may plan to hold it for a long time. Therefore, this transaction has no immediate impact on DOGE price. At press time, DOGE was trading at $0.1042, down 1.55% in the past 24 hours, taking its market capitalization to $15.16 billion.
Despite the price consolidation, DOGE’s trading volume rose by 19.65% in the past 24 hours to $1.37 billion, showing that investor interest in the coin is increasing. DOGE has ignited a rally after a consolidation and could hit new highs again in the future.
