Anonymous Whale Transferred Over 100 Million Dog Coins to Coinbase ExchangeThe popular WhaleAlert crypto tracker has discovered a significant shift in meme DOGE from anonymous wallets to the leading cryptocurrency exchange in the United States, Coinbase. The transaction occurred more than 22 hours ago, with a total of 110000000 DOGE being wire transferred
Anonymous Whale Transferred Over 100 Million Dog Coins to Coinbase Exchange
The popular WhaleAlert crypto tracker has discovered a significant shift in meme DOGE from anonymous wallets to the leading cryptocurrency exchange in the United States, Coinbase. The transaction occurred more than 22 hours ago, with a total of 110000000 DOGE being wire transferred. In addition, WhaleAlert shows an additional transfer, which also carried 2637273DOGE.
This massive transfer of dog coins seems to be the sale of whales, and it has not affected the price of dog coins or any other major indicators of original dog cryptocurrencies. According to the data provided by the @ DogecoinWear account on the X social media platform, the fear and greed indices were neutral at the time of writing this article. Analysts say that DOE may move towards $1. According to a recent X post by cryptocurrency analyst Ali Martinez, if the weekly candle closes above the $0.0835 level, DOE may have the opportunity to see a new bull market begin moving towards $1. Dog coins are approaching the peak of the multi-year declining triangle pattern. On Sunday, DOGE closed at $0.5596. The analyst also warned readers that they should closely monitor the support level of $0.0482, as "any signs of weakness" surrounding this support level could trigger the dog currency to fall to an annual low.
The DOGE team has issued a warning to the community. Recently, the official DOGE account on the X application has issued a call to the dog coin army, urging them to withdraw DOGE from the centralized exchange and DeFi platform. The official DOGE account quotes the ancient "cryptocurrency saying" - "It's not your key, it's not your coin. The tweet stated that many exchanges have now shown suspicious behavior, which has led to their users participating in "funding illegal and controversial sociopolitical or criminal plans". This message suggests that users transfer their DOGE to cold wallets or decentralized exchanges so that they are safe. Samson Mow, a renowned Bitcoin advocate and Chief Strategic Officer of BlockStream, recently sent a similar message to the Bitcoin community urging them to transfer Bitcoin to self managed wallets.
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