The post 550 Million Dogecoin (DOGE) in 20 Minutes, Something Is Brewing appeared on BitcoinEthereumNews.com.

Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Dogecoin (DOGE) whales have continued to shape the meme coin ecosystem, with massive movements that are helping to shape the broader market trend. According to data insights from crypto analytics platform Whale Alert, about 550,000,000 DOGE were moved within 20 minutes. While not precisely connected, the trend shows how invested whales are in the meme coin. Dogecoin reset underway In earlier trading hours, the price of DOGE slipped drastically in what many might tag a healthy correction. This was expected after an explosive week in which it rallied by over 115%. Despite the scary slip, the broader ecosystem remained resilient, with top analysts like Peter Brandt maintaining optimism about future trends based on historical data. Related To revamp the whole narrative, Whale Alert shared an insight into 200 million DOGE worth approximately $77.4 million moved between two anonymous wallets in one go. The analytics platform also spotlighted two other heavy transactions featuring 150 million DOGE (approximately $58 million) and 200 million DOGE. Like others before them, these whale actions have helped solidify the Dogecoin price outlook. At the time of writing, the price of DOGE is running back to the previous multi-year high. The coin changed hands for $0.4138, up 6.93% in the past 24 hours. In a single day, the meme coin has pared off its losses and turned…

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Filed under: News - @ November 15, 2024 4:18 am