Nearly a dozen huge Dogecoin transactions on Coinbase, the biggest cryptocurrency exchange in the United States, have been discovered by well-known blockchain detective Whale Alert.
The fact that these transactions totaled tens of millions of dollars suggests that DOGE whale activity has increased in the vicinity of this platform. But seven times as much DOGE was transferred to and from Binance. A little over half a billion DOGE were added to Robinhood. The price of Dogecoin has risen 31.61% in the last day, despite the sharp increase in whale activity. The original joke cryptocurrency surged to $0.1722 earlier today. But then there was a little drop of about 6%, which caused DOGE to fall.
More than 1.6 billion DOGE on move
Dogecoin whale activity has significantly surged over the last two days, especially near the Coinbase and Binance exchanges. 196.5 million DOGE in total have been moved to and from the well-known American exchange Coinbase. In the previous day, a large portion of the meme coins—about 60 million—were moved from there to an unidentified blockchain address and transferred to Coinbase using anonymous wallets.
The Binance exchange was engaged in the remaining seven transactions. Over the weekend, this biggest cryptocurrency dealer by volume withdrew an astounding 466 million DOGE into anonymous digital wallets. 600,000,000 DOGE were moved to Binance, while 450,000,000 were moved from an unidentified wallet to the Robinhood brokerage app. These transfers are remarkable.
https://x.com/whale_alert/status/1764453609356370014?s=20
In total, more than 1.6 billion Dogecoin were moved.
After its last price spike, DOGE has had an amazing climb over the last two days. The market as a whole, including Dogecoin, has been tracking the leading cryptocurrency, Bitcoin. Bitcoin crossed over the $65,000 mark earlier today, moving closer to the all-time high of $69,000 attained in the autumn of 2021.
Dogecoin founder cites ancient DOGE forum message
https://x.com/whale_alert/status/1763947042252935411?s=20
Billy Markus, a co-founder of Dogecoin, claimed on X over the weekend that DOGE was a sign of “how retarded people in crypto are getting.” To demonstrate where he got the idea, he also included a remark on DOGE from the Bitcoin forum.
Billy Markus is well-known for his sardonic remarks on social media. He plays “Shibetoshi Nakamoto” on X.
