Popular blockchain sleuth Whale Alert, which tracks large cryptocurrency transfers, has detected nearly a dozen massive Dogecoin transactions on the largest US-based cryptocurrency exchange, Coinbase.
Popular blockchain sleuth Whale Alert, which tracks large cryptocurrency transfers, has detected nearly a dozen massive Dogecoin transactions on the largest US-based cryptocurrency exchange, Coinbase.
These transfers were worth tens of millions of US dollars, indicating an increase in DOGE whale activity around this platform. However, even more DOGE was sent to and from Binance: seven times that amount. Nearly 500 million DOGE was deposited on Robinhood. All of this whale activity has increased dramatically, while the Dogecoin price has seen a 31.61% increase in the last 24 hours. Earlier today, the original meme cryptocurrency skyrocketed to the $0.1722 level. However, this was followed by a slight drop of about 6%, sending DOGE tumbling.
More than 1.6 billion DOGE in motion
Over the past two days, Dogecoin whale activity has increased dramatically, particularly around the Coinbase and Binance exchanges. A total of 196.5 million DOGE was transferred to and from Coinbase, the leading US-based exchange. Only 60 million Dogecoin was withdrawn to an unknown blockchain address; the rest of that large amount of meme coins were transferred to Coinbase from anonymous wallets in the last 24 hours.
In the other seven transactions, the Binance exchange was involved. A mind-boggling 466 million DOGE was withdrawn from this largest cryptocurrency trader by volume to anonymous digital wallets over the weekend. A staggering 600,000,000 DOGE was transferred to Binance and 450,000,000 were transferred from an unknown wallet to the Robinhood brokerage app.
In total more than 1.6 billion Dogecoin were transferred.
Over the past two days, DOGE has recorded an impressive rise, following its previous price jump. Dogecoin and the rest of the market have been following the flagship cryptocurrency, Bitcoin. Earlier today, BTC broke through the $65,000 level, taking a few more steps towards the all-time high of $69,000 reached in the fall of 2021.
Dogecoin Founder Quotes Old DOGE Forum Post
Over the weekend, Dogecoin co-founder Billy Markus took to X to call DOGE an indicator of “how backwards people are becoming in the cryptocurrency world.” He also cited a Bitcoin forum post about DOGE to show the source of his thinking.
Billy Markus (“Shibetoshi Nakamoto” in X) is known for his ironic statements on social media.
