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Data shared by prominent blockchain sleuth Whale Alert shows that a hefty amount of DOGE meme coins has been withdrawn from Binance after a likely purchase by anonymous crypto wallets. Whale Alert is renowned for sharing the details of large cryptocurrency transactions with the crypto community on X/Twitter.
Hundreds of millions of DOGE land in whale's pocket
The above-mentioned data source tweeted that approximately three hours ago, two blockchain wallets tagged as unknown withdrew a total of 304,588,737 Dogecoin from the Binance exchange. This amount of Dogecoin is equal to $53,125,088 in fiat at the time of writing.
The crypto community seems impressed by such a massive amount of crypto transferred promptly thanks to the innovative blockchain technology. The fee to get this transaction completed was as low as 0.20484458, which is the equivalent of merely $0.03.
DOGE whale activity surges around top exchanges
According to Whale Alert, since the start of April, cryptocurrency whales have drastically increased their activity, dealing with two major exchanges in particular – Coinbase and Robinhood.
Over the past few days, multiple hefty transactions going to and from these two crypto trading giants have been registered. A total of 396.4 million Dogecoin has been transacted to and from Robinhood cumulatively, and 294.4 million DOGE were moved to and from Coinbase as well.
Together this makes up almost 691 million Dogecoin. Added to the 304.5 million withdrawn from Binance, the total amount of DOGE within the past five days, per Whale Alert, constitutes 995.3 million DOGE evaluated at $173,596,045 at press time.
Aside from that, as reported by U.Today, earlier this week, a dormant Dogecoin whale’s wallet came back to life after 10.3 years of inactivity. This address held 3,700,051 DOGE worth $662,519.
Dogecoin price's recent action
Within the last 24 hours, the Dogecoin price has plummeted by more than 7.5%, falling from the $0.1872 level. Overall, since March 27, DOGE has been smacked with a staggering 24.3% decrease as it lost the $0.2289 local high reached recently.
By now, DOGE has regained a minor 1.47%, but the chart shows that over the past couple of days, Dogecoin has been moving within a range, with $0.1752 serving as its major support level.
Denys Serhiichuk
Valeria Blokhina
Alex Dovbnya
