u.today
Popular blockchain sleuth Whale Alert, which tracks down large cryptocurrency transfers, has detected almost a dozen massive Dogecoin transactions on the largest U.S.-based cryptocurrency exchange, Coinbase.
These transfers were worth tens of millions of U.S. dollars, indicating an increase in $DOGE whales’ activity around this platform. However, even more $DOGE was sent to and from Binance - seven times that amount. Nearly half a billion $DOGE was deposited to Robinhood. All this whale activity increased drastic ally, while the Dogecoin price has staged a 31.61% increase over the past 24 hours. Earlier today, the original meme cryptocurrency soared to the $0.1722 level. However, this was followed by a slight decline of roughly 6%, taking $DOGE down.
More than 1.6 billion $DOGE on move
Over the past two days, Dogecoin whale activity has drastically increased, in particular around Coinbase and Binance exchanges. A total of 196.5 million $DOGE was transferred to and from major U.S.-based exchange Coinbase. Only 60 million Dogecoin were withdrawn from it to an unknown blockchain address; the rest of that large amount of meme coins was transferred to Coinbase from anonymous wallets within the last 24 hours.
🚨 60,000,000 #$DOGE (8,875,422 USD) transferred from #Coinbase to unknown wallethttps://t.co/zyaDzUhFB1
— Whale Alert (@whale_alert) March 4, 2024
In the other seven transactions, Binance exchange was involved. A mind-boggling amount of 466 million $DOGE was withdrawn from this largest cryptocurrency trader by volume into anonymous digital wallets over the weekend. An astounding 600,000,000 $DOGE was transferred to Binance, and 450,000,000 was moved from an unknown wallet to Robinhood brokerage app.
More than 1.6 billion Dogecoin were transferred in total.
🚨 🚨 🚨 🚨 600,000,000 #$DOGE (83,651,499 USD) transferred from unknown wallet to #Binancehttps://t.co/7YN91aNXHq
— Whale Alert (@whale_alert) March 2, 2024
Over the past two days, $DOGE has printed an impressive rise, following its previous price jump. Dogecoin and the rest of the market have been following the flagship cryptocurrency, Bitcoin. Earlier today, BTC topped the $65,000 level, taking a few more steps toward the all-time high of $69,000 reached in the fall of 2021.
Dogecoin founder cites ancient $DOGE forum message
Over the weekend, Dogecoin cofounder Billy Markus took to X to call $DOGE an indicator of “how retarded people in crypto are getting.” He also cited a message from the Bitcoin forum about $DOGE to show the source of his thought.
Billy Markus (“Shibetoshi Nakamoto” on X) is known for his ironic statements on social media.