Shiba

Dogecoin

Shiba Inu

Dogecoin, one of the most prominent meme coins across the cryptocurrency landscape, recently birthed a torrent of speculative buzz among crypto market enthusiasts globally following the noting of a colossal whale transfer to a <a href="https://coingape.com/glossary/centralized-cryptocurrency-exchanges-cex/" target="_blank" rel="noopener noreferrer nofollow">CEX</a> today, February 15. According to the data revealed by the blockchain tracking platform Whale Alert, a staggering 400 Mln DOGE, worth $34.37 million, on the move sparked immense curiosity among crypto market traders and investors as DOGE’s price neared $0.09.
Meanwhile, the derivatives data for the meme coin further fell in line with the pump witnessed today, propelling market optimism for the token. The whale transaction, however, appears to be contrasting the usual market sentiments of a token’s slump with a significant dump, fueling further speculations in the market.
<h2 id="doge-whale-transaction-a-detailed-report">DOGE Whale Transaction: A Detailed Report</h2>
According to the above-mentioned blockchain tracker’s <a rel="noopener noreferrer nofollow" href="https://whale-alert.io/transaction/dogecoin/1a96610699fd352a7c2b885c1fdc55b4178cb4ff20a9b751b76932f78b55d311" target="_blank">data</a>, the significant whale dump of 400 Mln DOGE to a CEX was done by the wallet address DDuXGMFNGp…MBruc1wwKF. The transaction showcased the shifting of 400 million DOGE to an American financial services company that also offers services as a CEX, Robinhood.
Intriguingly, the whale appears to have offloaded the prior mentioned amount amid a significant uptick noted by DOGE, as per Trading View’s data. This seems to have piqued the interests of crypto market traders and investors globally, birthing additional inferences for the token’s run ahead.
Meanwhile, the derivatives data spotlighted by <a rel="noopener noreferrer nofollow" href="https://www.coinglass.com/currencies/DOGE" target="_blank">Coinglass</a> showcased a substantial 12.67% surge in DOGE’s open interest, reaching $569.11 million. This signaled an uptrend for the meme coin as of writing, aligning with the pump witnessed in the market today. The substantial surge in new money entering the market, as illustrated by the rise in open interest, showcased a bullish sentiment for the token.
Also Read: <a href="https://coingape.com/shiba-inu-unveils-the-shib-magazines-latest-edition-heres-everything/" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu Unveils The Shib Magazine’s Latest Edition, Here’s Everything</a>
<h2 id="doge-price-jumps">DOGE Price Jumps</h2>
As per CoinMarketCap’s data, the <a href="https://coingape.com/price/dogecoin/" target="_blank" rel="noopener noreferrer nofollow">Dogecoin price</a> noted a substantial 3.29% jump in the past 24 hours and is currently trading at $0.08537. Notably, the meme coin traded as high as $0.08791, nearing the $0.09 mark today, sparking bullish thoughts across the market.
Coincidingly, the positive sentiment for DOGE among investors, as illustrated by the upswing in open interest, is expected to further aid the token’s pump.
Also Read: <a href="https://coingape.com/tron-unveils-btc-layer-2-for-enhanced-blockchain-links/" target="_blank" rel="noopener noreferrer nofollow">Justin Sun Unveils TRON’s BTC Layer 2 Solution</a>
The post <a href="https://coingape.com/dogecoin-whale-offloads-400-mln-doge-to-robinhood-price-to-hit-0-09/" rel="noopener noreferrer nofollow">Dogecoin Whale Offloads 400 Mln DOGE To Robinhood, Price To Hit $0.09?</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Dogecoin Whale Offloads 400 Mln DOGE To Robinhood, Price To Hit $0.09?

Mục lục

Coingape News Media

Các bài viết khác được xuất bản trên 15 thg 2, 2024

Cardano’s Stablecoin Ecosystem Experiences Remarkable Growth

400 Million DOGE Sent to Robinhood as Dogecoin Reclaims Spot in Top 10

UK Financial Watchdog Continues Intense Scrutiny on Crypto Marketing

Massive Ethereum whale stacks nearly $200M in February

Citi Bank, WisdomTree, and Wellington: Pioneering Tokenization on Avalanche

Popular Celebrities In South Korea Face Allegations in Promoting Scam Blockchain Platform “Winnerz”

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!