Dogecoin Price Surge Ahead? Whales Caught Moving 1.2 Billion DOGE
Dogecoin News: Dogecoin (DOGE), Elon Musk’s favorite meme coin, hasn’t registered much movement over the past 7 days, signaling bearish sentiments from DOGE observers. But it looks like major crypto whales are not affected by the recent price fall since WhaleAlert reported the market moves in a series of tweets.
Whales Move 1.2 Bln Dogecoin
As per the data provided by WhaleAlert, a major tracker of large crypto transactions, 1.2 Billion DOGE worth $99,241,593 were moved between “unknown” wallets in recent hours. Three consecutive transfers moved 400 million Dogecoin each after the cryptocurrency posted significant losses over the past 24 hours.
At the time of writing, DOGE has lost over 0.87% in value over the past 24 hours and is trading around $0.08136, according to the CoinGape price tracker. The meme coin has erased all the gains from the recent price rally, falling 13.11% in the last seven days. Also, its 24-hour trading volume is down by 47.66% to stand at $392 million.
What is next for the meme coin?
Dogecoin’s latest drop has made traders once again question whether the canine token ever managed to truly break out of its bear market. Even though the cryptocurrency is still up an impressive more than 60% from its 2021 lows, constant fluctuations are making it hard for them to stay positive.
On the other hand, Dogecoin’s competitors like Shiba Inu, Baby Doge Coin, BONE, and other respective meme coins are witnessing an upward trend. In the past 24 hours or 60 days, DOGE killers have successfully managed to outperform the leading meme cryptocurrency in the market.
Also Read: Breaking: India’s Finance Minister Answers Crypto Regulation, Adani Queries
- Is Changpeng “CZ” Zhao Returning To Binance? Probably Not
- Ripple-Backed Evernorth XRP Treasury’s Holdings Reach $1B Ahead of Nasdaq Listing
- Crypto Market Rally: BTC, ETH, SOL, DOGE Jump 3-7% as US China Trade Talks Progress
- Court Rules XRP as Property in Landmark WazirX Hack Case, Barred Redistribution
- Ethereum Supercycle Strengthens as SharpLink Gaming Withdraws $78.3M in ETH
- Can Bitcoin Price Break $125k If President Trump Announces Deal with China on October 30th?
- Analyst Eyes Key Support Retest Before a Rebound for Ethereum Price Amid $93M ETF Outflows and BlackRock Dump
- Bitcoin Price Eyes $120K Ahead of FED’s 98.3% Likelihood to Cut Rates
- PEPE Coin Price Prediction as Weekly Outflows Hit $17M – Is Rebound Ahead?
- HBAR Price Targets 50% Jump as Hedera Unleashes Massive Staking Move
- Chainlink Price Outlook: Analyst Predicts $100 as Reserve Adds 63K LINK
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
