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Published: 28/03/2024

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Author: Leexim

Whale Transfers 330 Million DOGE: Price Continues to Surge?
The Dogecoin whales have been consistently active, with over 300 million coins changing hands today, fueling speculation as the price of DOGE surged.

Azcnews (1)
According to Whale Alert, 333.1 million DOGEcoins have been transferred in the past 24 hours, stemming from two significant transactions. One transaction involved a transfer out, while the other transaction accumulated DOGEcoin from Robinhood, a prominent trading platform in the United States.

The first transaction, involving 250 million tokens valued at $49.49 million, was sent from an unidentified address to Robinhood, while the second transaction comprised 83.10 million DOGEcoins accumulated by an unidentified address from the same trading platform. This has sparked speculation regarding the divergent psychology among whales regarding this asset, although market sentiment typically reflects increasing interest from whales in Dogecoin.


Dogecoin has witnessed a significant increase of 8.25% in the past 24 hours, currently trading at $0.2. Surpassing the $0.2 mark further solidifies the bullish stance of the meme coin in the market.

Related: Elon Musk Continues to Promote Dogecoin

Meanwhile, analyst Rekt Capital has noted the upward price volatility of Dogecoin. The meme coin successfully retested a long-term downtrend and then surged by 55%. This sets the stage for price appreciation for DOGE, along with another market uptrend.

Following the observed price increase of DOGE, the token has formed a bullish chart pattern, the Bull Flag. The price has broken out above this flag, indicating the potential continuation of this uptrend.


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Home > News

Published: 28/03/2024

-
Author: Leexim

Whale Transfers 330 Million DOGE: Price Continues to Surge?
The Dogecoin whales have been consistently active, with over 300 million coins changing hands today, fueling speculation as the price of DOGE surged.

Azcnews (1)
According to Whale Alert, 333.1 million DOGEcoins have been transferred in the past 24 hours, stemming from two significant transactions. One transaction involved a transfer out, while the other transaction accumulated DOGEcoin from Robinhood, a prominent trading platform in the United States.

The first transaction, involving 250 million tokens valued at $49.49 million, was sent from an unidentified address to Robinhood, while the second transaction comprised 83.10 million DOGEcoins accumulated by an unidentified address from the same trading platform. This has sparked speculation regarding the divergent psychology among whales regarding this asset, although market sentiment typically reflects increasing interest from whales in Dogecoin.


Dogecoin has witnessed a significant increase of 8.25% in the past 24 hours, currently trading at $0.2. Surpassing the $0.2 mark further solidifies the bullish stance of the meme coin in the market.

Related: Elon Musk Continues to Promote Dogecoin

Meanwhile, analyst Rekt Capital has noted the upward price volatility of Dogecoin. The meme coin successfully retested a long-term downtrend and then surged by 55%. This sets the stage for price appreciation for DOGE, along with another market uptrend.

Following the observed price increase of DOGE, the token has formed a bullish chart pattern, the Bull Flag. The price has broken out above this flag, indicating the potential continuation of this uptrend.


Read Less
0.0/5

Love
Leave a Reply
Your email address will not be published. Required fields are marked *

Comment *

Twitter

Telegram

Name

Save my name, email, and website in this browser for the next time I comment.

LATEST

Azcnews Breaking
News | Altcoin | Editor Choice 28/03/2024

AltLayer Introduces ALT Staking Feature

AltLayer, the restaking platform developed on EigenLayer, has introduced the staking feature for its native token, ALT. This marks a significant milestone for the project.

Azcnews
News | Altcoin | Editor Choice 28/03/2024

ADA Launches into Bullish Territory While XRP Trails Behind

The decline in stagnant ADA tokens signifies a bullish outlook for the long haul, while XRP stayed within a range despite a drop in MDIA.

Azcnews (4)
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BlackRock CEO Very Bullish as Bitcoin ETF Hits $17B

BlackRock CEO Larry Fink pleasantly surprised by strong retail demand for firm's Bitcoin ETF.

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Airdrops | Altcoin | Editor Choice | News 27/03/2024

Participate in the BingX Futures Spring Tournament

Cryptocurrency exchange BingX is hosting the "Join the Spring Futures Trading Tournament" event with prizes of up to $100,000. To participate and claim your rewards, read the details here!

Azcnews (1)
News | Blockchain | Defi | Editor Choice 27/03/2024

Ripple’s XRPL Blockchain Expands Cross-Chain DeFi Integration

Ripple collaborated closely with the XRP Ledger blockchain community to develop an ecosystem for an automated market maker protocol.

Top views
1
Ether.fi (ETHFI) Announces Token Airdrop
2
Short-Term Bitcoin Investors Have Reaped Profits
3
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4
Binance Announces Listing of Book of Meme (BOME)
5
Bitcoin ETF Registers Weekly Inflow of $2.5 Billion
6
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7
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8
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9
Join the Ton Airdrop on OKX Exchange
10
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