{"id":148501,"date":"2025-02-03T16:00:28","date_gmt":"2025-02-03T14:00:28","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=148501"},"modified":"2025-02-03T12:38:05","modified_gmt":"2025-02-03T10:38:05","slug":"dogecoin-whale-dump-sends-price-plummeting-amid-market-crisis","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/dogecoin-whale-dump-sends-price-plummeting-amid-market-crisis\/","title":{"rendered":"Dogecoin Whale Dump Sends Price Plummeting Amid Market Crisis"},"content":{"rendered":"<p>The whale <strong><a href=\"https:\/\/x.com\/whale_alert\/status\/1886316338081079359\" rel=\"nofollow\">moved<\/a><\/strong> 200 million DOGE tokens\u2014worth nearly $50 million\u2014onto Binance, coinciding with a broader market collapse triggered by new tariffs from the Trump administration. As a result, <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/dogecoin\/\">Dogecoin\u2019s price<\/a> <\/strong>tanked by nearly 20% in just one day, following the trend of the overall crypto market.<\/p>\n<p>This large-scale transfer, identified by Whale Alert, raised concerns about the stability of Dogecoin\u2019s value. Market analysts view such dumps as signals of diminishing confidence among major investors, and the increase in token supply can negatively affect the coin\u2019s price. With the market already in a slump due to the tariffs, the timing of this transaction has only heightened caution.<\/p>\n<p>The market\u2019s plunge began after Trump\u2019s tariff announcements, which rattled global markets. Bitcoin briefly hit lows of $91K, with other meme coins like Dogecoin following suit. The resulting liquidations added pressure, amplifying the sense of instability.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-148356\" href=\"https:\/\/cryptodnes.bg\/en\/xrps-next-move-could-be-its-biggest-yet\/\" title=\"XRP\u2019s Next Move Could Be Its Biggest Yet\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/Glowing-Ripple-XRP-coin-20014-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">XRP\u2019s Next Move Could Be Its Biggest Yet<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>As of now, Dogecoin is trading at $0.247, a 19% loss from the previous day. Despite the steep drop, some traders remain optimistic about the coin\u2019s long-term prospects, particularly due to positive sentiment surrounding Elon Musk\u2019s influence. However, in light of the ongoing market volatility, many investors are adopting a wait-and-see approach, keeping a close eye on potential shifts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A massive sell-off by a Dogecoin whale has sent shockwaves through the meme coin market, contributing to a significant downturn.<\/p>\n","protected":false},"author":9,"featured_media":30096,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[426,72,424,110,109,289,108,122],"coin_category":[],"class_list":["post-148501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-binance","tag-bitcoin","tag-crypto","tag-doge","tag-dogecoin","tag-meme-coins","tag-price","tag-trump"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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