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Dogecoin (DOGE), the most important meme coin by market cap, has witnessed its worth plummet by over 10% in as we speak’s buying and selling session. The dog-faced crypto registered large declines up to now week. While the DOGE worth dip is escalating, whales have moved over 600 million tokens through fashionable crypto exchanges, corresponding to Binance and Robinhood, which may propel the worth to plunge tougher.

Dogecoin Whale Transactions Exceed 600 Million

The DOGE whales transferred over 635 million tokens (price over $52 million) via large transactions on Binance and Robinhood. According to a submit by Whale Alert on X, the newest transaction was performed through Binance, which recorded a shift of 300 million DOGE from an unknown pockets to the trade. The transaction was price $24.62 million.

In addition, one other important transaction was recorded about eight hours earlier than the newest one. A whale moved 151.68 million DOGE tokens price $12.49 million to an undisclosed pockets from Robinhood. Whilst, about 4 hours forward of this switch, two main Dogecoin transactions have been recorded.

Both of those transactions have been directed in the direction of Robinhood through an unidentified pockets. The transfers witnessed a shift of 102.27 million and 82.08 million DOGE price $8.40 million and $6.74 million, respectively.

Also Read: Dogecoin Price Prediction Hints Last Pullback Before Hitting $0.12

Most of the above-mentioned transactions have been made towards a crypto trade. This means that whales have been dumping their DOGE holdings through the latest worth dip. However, the one transaction that witnessed a shift of DOGE from Robinhood to an unknown pockets signifies that some are benefiting from the Dogecoin worth drop, anticipating it to rise sooner or later.

DOGE Price Plummets 10%

The DOGE price tumbled by 10.10% because the crypto traded at $0.08243 at press time on Thursday, January 4, 2024. Moreover, within the final seven days, the meme coin has misplaced about 12% in worth. In addition, regardless of the preliminary beneficial properties, the 1-month losses have now amounted to about 9%.

Earlier, on Wednesday, the dog-theme crypto plunged from $0.092 to $0.082 inside two hours, accelerating the worth decline. In addition, the DOGE market cap slumped by 9.95% to $11.77 billion. However, the 24-hour commerce quantity registered a large enhance. The commerce quantity skyrocketed by 141.46% to $1.08 billion.

Also Read: Binance to Remove Key Liquidity Pools in January 2024

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