Dogecoin

2024

Million

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The broader crypto market is in unchartered territory, and some Dogecoin (DOGE) whales are potentially looking for an escape route.<a href="https://x.com/whale_alert/status/1860954445011361891" rel="noopener noreferrer nofollow">According</a> to an on-chain transaction spotted by crypto tracker Whale Alert, an anonymous whale just transferred 197,606,395 DOGE to Coinbase exchange.
<h2 id="dogecoin-whale-activity-mixed-intentions">Dogecoin whale activity, Mixed intentions</h2>
Per the Whale Alert insight, the total DOGE from the whale is worth $84,591,504. This means the whale transferred when each Dogecoin was priced at $0.428.
<blockquote class="twitter-tweet">
 🚨 🚨 🚨 🚨 197,606,395 <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#DOGE</a> (84,591,504 USD) transferred from unknown wallet to <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Coinbase</a><a href="https://t.co/s1pFgy5n1k" rel="noopener noreferrer nofollow">https://t.co/s1pFgy5n1k</a>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1860954445011361891?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 25, 2024</a>
</blockquote>
There are wide-ranging explanations for related whale transactions, especially one involving meme coins. A transfer into Coinbase suggests a readiness to sell off. This is logical as an insight into the historical trend of the sending wallet, which shows a steady inflow and outflow of funds.
Considering the massive<a href="https://u.today/dogecoin-doge-skyrockets-25-analyst-predicts-082-breakout" rel="noopener noreferrer nofollow">DOGE price growth</a> over the past month, the potential sell-off move is explainable. From a highly bearish and volatile weekend, the Dogecoin price has inked mild 1.34% growth in 24 hours to $0.4361.
In the past week, the premier meme coin has rallied $17%, with 224% growth over the past month. It has also maintained a trading volume north of the $10 billion benchmark over the past week.
This massive growth makes profit-taking inevitable, especially for old whale HODLers.
<h2 id="doge-spotlight-not-fading-soon">DOGE spotlight not fading soon</h2>
Over the past few days, many digital currencies shed much of their value as combined<a href="https://u.today/dogecoin-doge-and-xrp-shine-as-crypto-liquidation-hit-493-million" rel="noopener noreferrer nofollow">crypto liquidation</a> topped the $490 million threshold.
With signs of recovery already underway, Dogecoin is notably reacting well to the whale sell-off news. It is worth noting that besides the Coinbase transfer, other DOGE whale transactions have been spotted on-chain, a sign that the spotlight is far from fading from the meme coin.
Known as one of the best-performing assets on the market, the Dogecoin Foundation has<a href="https://u.today/dogecoin-foundation-reveals-2025-ambition-details" rel="noopener noreferrer nofollow">unveiled plans</a> to keep pushing the protocol’s growth. With more development work focused on open-source solutions, the foundation has set the tone for more DOGE adoption. <a href="https://u.today/196-million-dogecoin-stuns-largest-us-crypto-exchange" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

196 Million Dogecoin Stuns Largest US Crypto Exchange

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