Big news! A super whale has quietly transferred $278 million worth of $DOGE at the Robinhood exchange.
A total of 17.4 billion Dogecoins, this is no joke. Moreover, this money was deposited in six installments, each time nearly 300 million coins were deposited, it feels like they are saying: I've made enough, I'm ready to withdraw!
We need to understand that depositing money into an exchange often means preparing to sell. This big player might feel that Dogecoin has surged too much recently and wants to cash in at high prices.
Dogecoin has indeed been quite popular lately, with a nearly 20% increase in just seven days, thanks to Elon Musk and Bitcoin leading the way. The entire crypto market is flying together.
However, even if this big player wants to sell Dogecoin, we shouldn't worry too much. An analyst said that historically, Dogecoin might see another big surge in November. But investment always has its ups and downs; you can't win every time.
Looking at the current atmosphere in the crypto market, Dogecoin is still quite popular. Especially if Trump becomes president of the United States again, Dogecoin might get another boost. Because Trump might support Musk's government efficiency department, and Dogecoin could benefit from that.
Recently, I plan to position myself with a potential coin that is about to explode; doubling your investment is quite simple, and I also intend to find some potential coins to hold until the end of the year, expecting a space of over 10 times is not a problem. If you want to follow along, like + leave a message for free sharing.
