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    Home»Crypto News»219 Million DOGE Stuns Main Crypto Trade Coinbase; What's Taking place?
    219 Million DOGE Stuns Main Crypto Trade Coinbase; What's Taking place?
    Crypto News

    219 Million DOGE Stuns Main Crypto Trade Coinbase; What's Taking place?

    By Crypto EditorJanuary 11, 2025No Comments3 Mins Read
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    219 Million DOGE Stuns Main Crypto Trade Coinbase; What's Taking place?

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    Disclaimer: The opinions expressed by our writers are their very own and don’t symbolize the views of U.Right this moment. The monetary and market data supplied on U.Right this moment is meant for informational functions solely. U.Right this moment isn’t accountable for any monetary losses incurred whereas buying and selling cryptocurrencies. Conduct your personal analysis by contacting monetary specialists earlier than making any funding choices. We consider that every one content material is correct as of the date of publication, however sure affords talked about could not be obtainable.

    Throughout the final 24 hours, two main Dogecoin transactions have been detected heading to Coinbase, a number one cryptocurrency trade.

    Blockchain information tracker Whale Alert stories two transactions totaling 219 million DOGE, valued at over $73.8 million, being transferred from unknown wallets to Coinbase.

    The primary transaction concerned the switch of 112,670,012 DOGE, price round $37,990,922, from an unknown pockets to Coinbase. Shortly after, a second transaction noticed 106,437,367 DOGE, valued at about $35,889,352, moved from one other unknown pockets to the identical trade.

    These transactions have collectively shifted over 219 million DOGE to Coinbase, sparking curiosity and hypothesis within the crypto market.

    Associated

    DOGE Skyrockets 18% as Co-Founder Shares Thoughts on Price Action

    Deposits to exchanges could point out a need to promote, whereas withdrawals would possibly indicate shopping for. That stated, the deposits to Coinbase might point out that whales are making ready to promote; whales could have to unencumber liquidity for different investments or to cowl operational prices; the transfer may also be fund reshuffling. All that being stated, the precise cause for the transfers stays unknown.

    Dogecoin information hodler development regardless of “quietness”

    The yr 2025 started on a optimistic observe for cryptocurrency’s prime belongings, because the variety of hodlers has fluctuated dramatically for the reason that new yr. Dogecoin (DOGE) has added 29,000 wallets inside this span, based on Santiment information.

    Associated

    Dogecoin Sees $258 Million Move in 24 Hours as 2025 Nears

    Based on Santiment, if wallets are quickly rising, the group is optimistic in regards to the challenge’s long-term viability. However, if wallets are declining, there could also be some extra FUD, which signifies a chance to purchase as a contrarian to the panicking crowd.

    Throughout social media, sentiment has been shifting for crypto’s largest market caps. Dogecoin somewhat has been extraordinarily quiet save for a short lived run-up in the beginning of the yr, coinciding with Elon Musk’s transient X deal with change to “Kekius Maximus.”

    Since reaching a excessive of $0.486 a couple of month in the past, Dogecoin has shed over 28% of its market cap. Crowd sentiment has declined close to its lowest level for the reason that previous yr. Presently, crowd sentiment for Dogecoin stays bearish.

    On the time of writing, DOGE was down 1.07% within the final 24 hours to $0.335.



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