Top 20 Dogecoin (DOGE) Whale Moves Millions Of DOGE to Binance

  • A top 20 DOGE whale moved millions to Binance.
  • 190,840,745 DOGE, which is worth about $15,539,399, was transferred from a top 20 wallet to a Binance wallet.

The crypto market is still mostly bathed in red today, and the same can be said for Dogecoin (DOGE). The crypto market tracking website CoinMarketCap indicates that DOGE is currently trading at $0.08104 after a 0.27% drop in price over the last 24 hours. The crypto also reached a low of $0.07906 and a high of $0.08166 over the same time period.

Dogecoin / Tether US 1D (Source: TradingView)

The meme coin also weakened against the two biggest cryptos in the market, Bitcoin (BTC) and Ethereum (ETH), by about 0.52% and 0.26% respectively over this period of time. DOGE’s unfortunate performance over the last day has affected its weekly performance as well as the crypto is in the red by more than 8% over the last seven days.

DOGE’s 24 hour trading volume is also in the red zone and now stands at $309,387,923 after a more than 30% decrease since yesterday. With its market cap standing at $10,758,503,536, DOGE price is currently ranked as the 10th biggest crypto in terms of market capitalization. This places it right behind Polygon (MATIC) in the 9th position and in front of Solana (SOL) which is ranked 11th.

The Dogecoin whales alerts platform took to Twitter yesterday to share some new information about a top 20 DOGE whale moving millions to Binance. According to the post, one whale took advantage of the low crypto prices as 190,840,745 DOGE, which is worth about $15,539,399, was transferred from a top 20 wallet to a Binance wallet.

Historically, when a whale sends large amounts of crypto to a liquid exchange like Binance, it is because they are either going to adjust their portfolio in the coming days or will be selling off that large amount.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss

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