Dogecoin

Giant

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/whale-stirs-dogecoin-market-with-giant-transfer" rel="noopener noreferrer nofollow">Whale Stirs Dogecoin Market with Giant Transfer</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/massive-dogecoin-movement-detected-the-crypto-community-buzzes" rel="noopener noreferrer nofollow">Dogecoin</a>, the leading meme-based cryptocurrency by trading volume, was thrust into the spotlight following the transfer of a substantial 400 million DOGE, valued at $34.37 million, to a centralized exchange (CEX) on February 15th. This significant transaction, tracked by Whale Alert, coincided with the digital currency’s price nearing $0.09 amid a wider market upsurge, sparking widespread discussion and speculation among traders and crypto enthusiasts.</p>
<h2 id="whale-moves-and-market-speculation">Whale Moves and Market Speculation</h2>
<p style="text-align: justify">As the market optimism for Dogecoin grows, reflected by its rising price, derivative data for the cryptocurrency presented a dip on the day in question. However, Whale Alert’s tracking information disclosed that the large amount of Dogecoin in the transaction was directed to the Robinhood exchange platform.</p>
<p style="text-align: justify">Historical analysis indicates that this was not an isolated incident; the same whale engaged in a similar large-scale transfer during an earlier uptrend. This pattern has captured the attention of the crypto community, leading to various theories regarding the token’s current trajectory.</p>
<h2 id="market-bullishness-and-dogecoin-s-value-surge">Market Bullishness and Dogecoin’s Value Surge</h2>
<p style="text-align: justify">Open interest data from Coinglass highlighted a 12.67% surge for Dogecoin, reaching an impressive $569.11 million. This significant influx of liquidity into the market aligns with the positive sentiment surrounding the cryptocurrency, as its price continues to climb.</p>
<p style="text-align: justify">Recent figures from 21milyon.com showcase Dogecoin’s 3.29% price increase within a 24-hour span, trading at $0.086. The coin briefly touched $0.08791, approaching the $0.09 mark and sparking discussions about the possibility of it hitting $0.1 in the near future. With a more than 90% uptick in trading volume, reaching $783 million, and a total market volume rise of 4% that exceeds $12 billion, the crypto sector has its eyes set on the potential climb of Dogecoin’s price to the much-anticipated $0.1 mark.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/whale-stirs-dogecoin-market-with-giant-transfer" rel="noopener noreferrer nofollow">Whale Stirs Dogecoin Market with Giant Transfer</a></h5>

Whale Stirs Dogecoin Market with Giant Transfer

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