Major Dogecoin Transfer Shakes Market Sentiment

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Coin-Turk 10 months ago 226

A significant development has surfaced in the cryptocurrency market. According to Whale Alert data, on February 3, a Dogecoin $0.254876 whale transferred 200 million tokens to the Binance exchange, valued at approximately 50 million dollars. On the same day, former U.S. President Donald Trump announced new tariffs, triggering concerns in global markets. Consequently, Dogecoin’s price fell by 19% in the past 24 hours, reaching $0.2117. Market participants pointed out that large-scale transfers could exert downward pressure on prices.

Whale Transactions and Market Impact

The data shared by Whale Alert once again highlighted the mobility of Dogecoin whales. The transfer of 200 million DOGE ($0.13) to Binance reflected investors’ tendency to avoid risks. The ar...



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