Dogecoin, one of the most prominent meme coins within the cryptocurrency space, once again stirred a whirlpool of speculative buzz across the vast sea of digital assets following significant whale transactions noted by the token. Intriguingly, these transfers appear to have caught substantial interest among crypto market enthusiasts globally as they emerged amid the token’s price surge.

Moreover, with over 1 billion DOGE on the move, market sentiments orbiting Dogecoin seem to have taken an exciting turn. Simultaneously, with the whale transactions followed by a price surge, crypto market traders seem to be extensively eyeing the token.

DOGE Whale Transfers: In-Depth Report

According to the data unveiled by Whale Alert, a platform facilitating blockchain tracking insights, four noteworthy whale transactions took place on Tuesday, January 9. Furthermore, these transactions collectively showcased the reallocation of a whopping 1.54 billion DOGE, propelling speculations across the crypto horizon.

Notably, the first transaction that piqued the global market’s interest showcased the moving of 78.05 million DOGE, worth $6.29 million, from an unknown wallet to Robinhood. Furthermore, the second transaction that nabbed attention illustrated the transfer of 134.14 million DOGE, worth $10.84 million, from Robinhood to an unknown wallet.

Simultaneously, the third transaction portrayed the shifting of 332.93 million DOGE, worth $26.61 million, to Binance, a leading crypto exchange. Meanwhile, the fourth transaction portrayed the moving of a staggering 999.99 million DOGE, worth $78.85 million, from Binance to an unknown wallet.

Aligning with this, the meme coin now jots down the reshuffling of DOGE worth $122.59 million, birthing additional inferences across the broader crypto market.

Also Read: Solana (SOL) and XRP Gearing Up For A Mega Rally in 2024

Dogecoin Price Springs

As of writing, the Dogecoin price portrayed a substantial upward momentum, soaring 1.18% over the past 24 hours, reaching $0.07875. Moreover, this surge was further accompanied by a marginal jump in the token’s market cap, rising 0.96%, reaching $11.24 billion. However, the meme coin’s weekly and monthly charts showcased notable declines, fueling additional inferences among crypto market fanatics across the globe.

Besides, with the increase in on-chain activity orbiting Dogecoin, traders and investors are eyeing bolstered DOGE prices shortly ahead.

Also Read: Bitcoin Open Interest Hits ATH On CME Amid Spot ETF Anticipation

The post Dogecoin Whales Shift 1.54 Bln DOGE As Price Nears $0.08 appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am