Usman Salis
Someone just moved a massive pile of Dogecoin (DOGE) – we're talking 104 million coins worth about $20 million – straight into Coinbase. The crazy part? This wallet hasn't touched a single coin since 2021.
This DOGE Whale Has Been MIA for Almost 4 Years
Here's what went down: Whale Alert caught a transfer of exactly 104,125,016 DOGE from wallet DNbYuLjGbdiqcv39grmE1ahkMU19Y5dFND heading straight to Coinbase. But this wasn't just any random transfer – this wallet has been ghosting the crypto world since late 2021.
Looking at the blockchain data, this address first got its Dogecoin (DOGE) back in October 2021, and guess where those coins came from? Coinbase Pro withdrawal addresses. So someone pulled their DOGE off the exchange, let it sit for almost four years, then decided to send it all back in one go.
What's wild is how clean this move was. They didn't leave any dust behind – every single DOGE got transferred out, fees paid, wallet completely empty. That's not someone testing the waters or taking partial profits. That's someone making a statement.
Perfect Timing or Terrible Timing? DOGE Gets Hit While It's Down
The timing of this move is pretty brutal, honestly. Dogecoin (DOGE) has been getting hammered lately – it was cruising above $0.23 back in mid-May, but by the time this whale made their move, DOGE had dropped to $0.188. That's about an 18% haircut in less than two weeks.
So either this person has ice in their veins and is buying the dip (wait, they're selling to Coinbase, not buying), or they just couldn't watch their bag bleed anymore and decided to cut their losses. When you see someone dump 104 million coins right at what looks like a local bottom, it makes you wonder what they know that we don't.
Here's the thing about massive transfers to exchanges like Coinbase – they usually mean one of three things: someone's about to sell big time, they're setting up some kind of OTC deal behind the scenes, or they're shuffling things around before making another move. None of these scenarios scream "bullish" for DOGE in the short term.
What's Really Going On With This DOGE Move?
Look, when someone sits on 104 million Dogecoin (DOGE) for almost four years and then suddenly dumps it all on Coinbase, that's not a spur-of-the-moment decision. This feels calculated, like they've been watching and waiting for the right moment – or maybe the wrong moment, depending on how you look at it.
The fact that these coins originally came from Coinbase Pro back in 2021 tells us this was probably someone who knew what they were doing. They pulled their DOGE off the exchange during the last bull run, probably thinking they were being smart by going into cold storage. Fast forward to 2025, and here we are with DOGE struggling, and suddenly all those coins are heading back to where they started.
Could this be some kind of internal Coinbase thing? Maybe. Could it be a whale who finally decided enough is enough? Also possible. Or maybe someone just needs $20 million for something and DOGE is the easiest way to get it. Whatever the reason, moving 104 million coins that have been sitting still since the Obama administration (okay, Biden, but you get the point) is definitely going to get people talking.
Bottom Line: Big DOGE Money Is Moving
Here's what we know for sure: someone just moved a hell of a lot of Dogecoin (DOGE), and they hadn't touched it in years. Whether this is a smart whale taking advantage of current prices, some internal exchange business, or just someone who's tired of watching their investment go sideways, one thing's crystal clear – DOGE that's been collecting dust since 2021 is suddenly on the move.
The crypto crowd is definitely going to be watching to see if this triggers other big players to make moves, or if it's just a one-off situation. With DOGE already taking a beating and testing some pretty important support levels, having 104 million coins potentially hit the market could shake things up even more. Sometimes these whale moves are like dominoes – one falls, and then you start seeing others follow.
The next few days should be interesting for anyone holding DOGE. When whales start moving after years of silence, it usually means something's about to happen. Whether that's good or bad for the price remains to be seen, but one thing's for certain – this isn't just another day in meme coin land.
Usman Salis
