A pockets holding over 104 million DOGE valued at round $20 million emptied its complete stability straight into Coinbase late Saturday night time. The transfer, first picked up by Whale Alert, wasn’t simply massive. It was from a pockets that’s been utterly silent since 2021.
The handle, DNbYuLjGbdiqcv39grmE1ahkMU19Y5dFND, had no outgoing exercise till this one full switch. Blockchain information reveals it acquired its first DOGE again in October 2021, with funds traced to Coinbase Professional withdrawal addresses. Since then, it collected DOGE in smaller deposits however by no means moved any out — till now.
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The total stability was transferred in a single shot, with no leftover mud. Simply 104,125,016 DOGE out, payment paid, pockets empty.
This sort of transfer normally raises questions. Transfers of this measurement to a serious change usually recommend attainable liquidation, positioning for OTC settlement, or consolidation forward of a transfer. There’s no method to inform but, however what stands out is the timing.
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Dogecoin has been underneath stress for weeks. After pushing above $0.23 in mid-Could, it’s been grinding down — and by the point of this switch, it had fallen to $0.188, wiping out about 18% in underneath 10 days. This drop places the switch proper into a neighborhood low, which both means somebody’s catching the underside or exiting on the best way down.
Whether or not it’s a whale waking up, inner Coinbase flows, or a long-term holder cashing out, one factor is obvious: DOGE that sat nonetheless for almost 4 years simply moved — and it didn’t transfer small.