Usman Salis
A crypto whale just moved 200 million DOGE worth $43.4 million from Robinhood to an unknown wallet. DOGE price dropped 3.4% to $0.2184, but this whale activity might signal bullish sentiment ahead.
DOGE Price Down But Whale Moves Signal Accumulation
Dogecoin dropped 3.4% to $0.2184 in the last 24 hours. Trading volume also fell 8.8% to $2.12 billion, showing less interest from regular traders.
But when whales move coins off exchanges, they're usually planning to hold long-term, not sell. This could actually be good for DOGE price if it means big holders are accumulating during this dip.
Mystery Whale Behind Massive Dogecoin (DOGE) Transfers
Whale Alert spotted the 200,000,000 DOGE transfer from wallet "DDuXG…Bruc1" linked to Robinhood. This same whale previously moved 321 million DOGE and pulled another 180 million DOGE worth $49,997,419 in separate transactions.
Experts think these could be over-the-counter deals or just whales reorganizing their holdings. Either way, someone with deep pockets is making big moves with DOGE.
DOGE Price Could Rally Soon
Despite the recent drop, DOGE's open interest increased 5.98% and trading volume surged 62.12% to $2.49 billion during certain periods. This suggests traders expect bigger moves ahead.
When whales pull coins off exchanges, it reduces available supply. If demand picks up, DOGE price could bounce back hard from current levels.
Usman Salis
