Dogecoin Price Spike Triggers Significant DOGE Transfer to Binance

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Dogecoin Price Spike Triggers Significant DOGE Transfer to Binance0

  • Dogecoin whales transfer more than 100 million DOGE.
  • A portion of the assets has been transferred to Binance.
  • Dogecoin has declined by 2.3% in the past 24 hours.

Since its inception, Dogecoin has witnessed remarkable expansion and acknowledgment. The cryptocurrency, recognizable by its logo featuring a Shiba Inu, has garnered attention over time. DOGE gained traction following Elon Musk’s endorsement of Dogecoin on Twitter.

Currently, as per the most recent information from DogeWhaleAlert, a Twitter account that monitors Dogecoin whale activities, a substantial amount of Dogecoin has been circulating.

Dogecoin whales transfer over 100 million DOGE

Information from DogeWhaleAlert indicates that recently, over 100 million DOGE have been transferred. Notably, one of these five transactions involved sending DOGE to Binance. During this timeframe, DOGE surged by 3.76%. This increase was succeeded by a decrease, after which DOGE rose again by 2.35%.

However, at the time of reporting, DOGE had fallen by 2.3% and was priced at $0.07301. The 24-hour trading volume has also decreased by 5.55%.

Despite DOGE rising by 3.8% over the last week, in the past 30 days, the leading meme coin has experienced a price decline of over 21%. While the excitement surrounding meme coins drove up the values of various meme tokens, including Pepe Coin and LADYS, the prominent meme currencies like DOGE and SHIB faced a decrease in worth.