{"id":142039,"date":"2024-11-12T16:30:03","date_gmt":"2024-11-12T14:30:03","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=142039"},"modified":"2024-11-12T15:31:43","modified_gmt":"2024-11-12T13:31:43","slug":"dogecoin-whales-start-making-major-moves-what-it-means-for-the-market","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/dogecoin-whales-start-making-major-moves-what-it-means-for-the-market\/","title":{"rendered":"Dogecoin Whales Start Making Major Moves – What it Means for the Market?"},"content":{"rendered":"

These transfers<\/a><\/strong>, typically associated with large holders of the cryptocurrency, can offer insights into market sentiment, even though their direct impact on prices is often difficult to predict.<\/p>\n

One of the most notable moves involved a transfer of $72.5 million worth of Dogecoin<\/a> <\/strong>from an unknown wallet to a Coinbase wallet, marking an exchange inflow. In addition, there were two other notable inflows\u2014$14.6 million to Binance and $14.2 million to Robinhood\u2014bringing the total value of the Dogecoin moved to exchanges to $101.3 million. Typically, such transfers suggest that the whales may be preparing to sell or engage in other exchange-related activities.<\/p>\n

On the other hand, the same period also saw exchange outflows, which are often interpreted as a sign that holders intend to keep their assets long-term. Robinhood experienced a $30.1 million withdrawal, while Binance saw $56.4 million leave the platform.<\/p>\n