Dogecoin Whale Transfers Over 1.6 Billion DOGE to Binance and Coinbase

HomeMarket News

Dogecoin Whale Transfers Over 1.6 Billion DOGE to Binance and Coinbase

A Dogecoin whale has carried out a significant transaction, moving a massive amount of DOGE tokens up to the tune of 1.6 billion to and from Binance and Coinbase. The mouthwatering transactions have raised speculations across the crypto community.

WhaleAlert, a blockchain large transaction tracker, has spotted some staggering Dogecoin transactions involving popular crypto exchanges Binance, Coinbase, and some ‘unknown wallets.’

According to the on-chain sleuth, these transactions worth tens of millions of dollars signify a surge in Dogecoin whale activities across the aforementioned platforms. These huge transactions come amid Dogecoins’ price increase over the past 24 hours. Per Coinstats data, DOGE has spiked by over 17% in the last day.

More than 1.6 billion DOGE sent to and from Binance and Coinbase

Over the weekend, Dogecoin whale activity skyrocketed with several large transactions recorded moving around Binance and Coinbase. 196.5 million DOGE tokens in total have been moved to and from the US-based exchange Coinbase. In the previous day, a large portion of the memecoin, about 60 million, was moved from there to an anonymous blockchain address and transferred to Coinbase via “an unknown wallet.”

Advertisement

thegreensafe banner

The Binance exchange was involved in the remaining seven transactions. Over the weekend, an astounding 466 million DOGE tokens were withdrawn from Binance, the largest cryptocurrency exchange by trade volume into anonymous digital wallets.

600 million DOGE were moved to Binance, while 450 million were moved from an anonymous wallet to the Robinhood platform. These moves are remarkable. In total, more than 1.6 billion Dogecoin were moved.

Dogecoin (DOGE) price reaction

After its last price rally, DOGE has had an amazing climb over the last two days. Most of the cryptocurrencies in the market are trading in the green zone as a result of the bullish sentiment among investors. Bitcoin, the leading cryptocurrency surpassed the $65,000 mark earlier today, moving closer to the all-time high of $69,000 attained in the fall of 2021.

According to data from Coinstats, Dogecoin (DOGE) is trading at $0.167, representing a 20% increase in the last 24 hours. What is more, DOGE has a 24-hour trading volume of $4.1 billion and a live market cap of $24 billion.

Free Tool: Use our simple crypto profit calculator to calculate your potential profits and returns on your cryptocurrency investments.<<<

Read more: 

Special Offer (SPONSORED)

Binance Free $200 (Exclusive): Use this link to register and receive $200 free trading fee credit (terms).

"3Commas Trading Bot" Special Offer: Use this link to Sign up with 3Commas and get 10% off your first monthly subscription.

Victor Nnamdi Igbor "Swaezy" is a crypto enthusiast and writer with over 8 experience in blogging. He is an easy person and when not working, loves to have a good time.