Cryptocurrency

Dogecoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/major-dogecoin-acquisitions-by-cryptocurrency-whales-shake-market" rel="noopener noreferrer nofollow">Major Dogecoin Acquisitions by Cryptocurrency Whales Shake Market</a><br></p>
<p style="text-align: justify">The <a href="https://en.bitcoinhaber.net/bitcoins-surge-points-to-a-promising-month-for-crypto-investors" rel="noopener noreferrer nofollow">cryptocurrency</a> community has been taken aback as large-scale investors, known as whales, have recently made substantial purchases of <a href="https://en.bitcoinhaber.net/dogecoins-rollercoaster-sudden-surge-and-dip-amidst-rumors" rel="noopener noreferrer nofollow">Dogecoin</a> (<a href="https://en.bitcoinhaber.net/dogecoin-price-dynamics-and-forecast" rel="noopener noreferrer nofollow">DOGE</a>), the widely recognized memecoin. These transactions have put Dogecoin in the spotlight and are fueling a more optimistic outlook for its value.</p>
<h2 id="significant-doge-purchases-on-robinhood">Significant DOGE Purchases on Robinhood</h2>
<p style="text-align: justify">Whale Alert, a blockchain tracking platform, reported two massive transfers of DOGE originating from the popular investment app Robinhood. In the first move, an anonymous investor bought over 172 million DOGE, equating to roughly $16.6 million. A second investor secured over 103 million DOGE, worth close to $9.9 million. These purchases have the potential to decrease the available supply of Dogecoin, often a precursor to price increases.</p>
<p style="text-align: justify">Market data from Coinglass confirms a notable surge in Dogecoin’s open interest and trading volume, suggesting an influx of funds and increased trading enthusiasm.</p>
<h2 id="positive-market-trends-for-dogecoin">Positive Market Trends for Dogecoin</h2>
<p style="text-align: justify">Current figures from CoinMarketCap show that Dogecoin’s price has jumped by 7.28% in the past day, with a value approaching the $0.10 mark. The market cap and trading volume of the cryptocurrency have also seen substantial hikes, further indicating a bullish sentiment amongst investors.</p>
<p style="text-align: justify">Rumors of a potential partnership with the acclaimed car manufacturer Ferrari are adding to the excitement surrounding Dogecoin, with many anticipating that such a deal could propel the coin’s value even higher in the near future.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/major-dogecoin-acquisitions-by-cryptocurrency-whales-shake-market" rel="noopener noreferrer nofollow">Major Dogecoin Acquisitions by Cryptocurrency Whales Shake Market</a></h5>

Major Dogecoin Acquisitions by Cryptocurrency Whales Shake Market

Table of Contents

BH NEWS

Other articles published on Feb 28, 2024

Nvidia Bullish Analyst Reveals Bitcoin Price Prediction

TRON Breaks Record for Wallet Addresses as Bitcoin Surges Past $61,000

Using ARKMining cloud mining, you can earn stable income at home

CoinGecko enables access to on-chain DEX data via API

PEPE reclaims $1B market cap to lead memecoin season, but…

Bitcoin Climbs Above $60K: Matrixport’s Daniel Yan Urges Investor Caution

Join our free newsletter for daily crypto updates!