104,125,016 DOGE Transfer Strikes Major US Exchange Coinbase

A wallet holding over 104 million $DOGE valued at around $20 million emptied its entire balance straight into Coinbase late Saturday night. The move, first picked up by Whale Alert, wasn’t just large. It was from a wallet that’s been completely silent since 2021.

The address, DNbYuLjGbdiqcv39grmE1ahkMU19Y5dFND, had no outgoing activity until this one full transfer. Blockchain data shows it received its first $DOGE back in October 2021, with funds traced to Coinbase Pro withdrawal addresses. Since then, it collected $DOGE in smaller deposits but never moved any out — until now.

The full balance was transferred in one shot, with no leftover dust. Just 104,125,016 $DOGE out, fee paid, wallet empty.

This kind of move usually raises questions. Transfers of this size to a major exchange typically suggest possible liquidation, positioning for OTC settlement, or consolidation ahead of a move. There’s no way to tell yet, but what stands out is the timing.

Dogecoin has been under pressure for weeks. After pushing above $0.23 in mid-May, it’s been grinding down — and by the time of this transfer, it had fallen to $0.188, wiping out about 18% in under 10 days. This drop puts the transfer right into a local low, which either means someone’s catching the bottom or exiting on the way down.

Whether it’s a whale waking up, internal Coinbase flows, or a long-term holder cashing out, one thing is clear: $DOGE that sat still for nearly four years just moved — and it didn’t move small.