Massive DOGE Exchange Transfer Threatens Its Bullish Momentum

Published 01/12/2023, 12:42
Updated 01/12/2023, 12:45
Massive DOGE Exchange Transfer Threatens Its Bullish Momentum
DOGE/USD
-

Coin Edition -

  • Today, a whale transferred 300,000,000 DOGE from an unknown wallet to the Robinhood exchange.
  • At press time, DOGE was worth $0.08395 after its price managed to climb by 3.11% in the past day.
  • If DOGE’s bullish momentum continues, it could soon flip the $0.08785 resistance level into support.

People in the cryptocurrency community fear a Dogecoin (DOGE) selloff could be around the corner after a huge amount of tokens were moved to a cryptocurrency exchange earlier today. The whale tracking platform Whale Alert reported in an X post that a whale transferred 300,000,000 DOGE tokens from an unknown wallet to Robinhood.

The transferred meme tokens were worth about $25,033,123, according to the data provided by Whale Alert. At press time, it seemed like the whale was still holding on to his tokens as DOGE’s price was still set in the green zone.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.