Dogecoin

2024

when

Million

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
In recent hours, a substantial quantity of<a href="https://u.today/dogecoin-doge-turns-11-details" rel="noopener noreferrer nofollow"> DOGE</a> was transferred to Binance, one of the world's largest cryptocurrency exchanges.
Blockchain data tracker Whale Alert has reported a massive transfer of 112,382,564 DOGE, valued at approximately $48,717,014, from an unknown wallet to Binance.
Whale Alert <a href="https://x.com/whale_alert/status/1866104733410218064" rel="noopener noreferrer nofollow">reports</a>: "112,382,564 DOGE worth $48,717,014 transferred from unknown wallet to Binance."
<blockquote class="twitter-tweet">
 🚨 🚨 112,382,564 <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#DOGE</a> (48,717,014 USD) transferred from unknown wallet to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a><a href="https://t.co/iyYrzfQqhs" rel="noopener noreferrer nofollow">https://t.co/iyYrzfQqhs</a>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1866104733410218064?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 9, 2024</a>
</blockquote>
A transfer to Binance could signal an intention to sell, as exchanges are commonly used for liquidations. The move might also indicate strategic positioning, with the whale potentially preparing to diversify their holdings or leverage Binance’s trading tools.
The transaction occurs at a time when the market is experiencing profit-taking, with several crypto assets, including Dogecoin, trading in the red. Dogecoin (DOGE) was down 5.35% in the last 24 hours to $0.44. The broader crypto market has been facing a sell-off, with $495 million in liquidations in the past day.
<h2 id="dogecoin-whale-activity-skyrockets-by-41">Dogecoin whale activity skyrockets by 41%</h2>
<a href="https://u.today/439-million-dogecoin-in-24-hours-whats-going-on" rel="noopener noreferrer nofollow">Dogecoin</a> has seen an increase in large transaction volumes, rising by 41% in the last 24 hours. According to data from analytics site IntoTheBlock, Dogecoin recorded $23.35 billion in large transaction volume, representing a significant increase over the previous day.
This spike in large transactions, often worth more than $100,000, indicates increased activity from whales and institutional investors. The surge in major transactions may signal either buying or selling.
In addition to the increase in large transactions, the Dogecoin blockchain had a 34.91% increase in active addresses, with 157,190 addresses participating in transactions over the same period. This increase in activity demonstrates the Dogecoin community's continued interest and participation, despite the current market sell-off. <a href="https://u.today/112-million-doge-on-move-whats-driving-surge" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

112 Million DOGE on Move – What's Driving Surge?

Table of Contents

U_Today

Other articles published on Dec 9, 2024

Bitcoin (BTC) Move from World Giant Amazon! Will It Follow MicroStrategy's Footsteps?

Ethereum's 2025 Picture Blurs As Market Signals Conflict

MOVE token listed by Binance and South Korea’s Upbit – What is it?

Nabla Finance Concludes Token Sale, Raising $300,000

Riot Platforms to Issue $500 Million in Convertible Notes for Expansion

BIT Mining expands with new operations in Ethiopia

Join our free newsletter for daily crypto updates!