Whale Alert reports that Dogecoin whales have moved a total of over 500 million DOGE tokens in 48 hours.
to me Locationthe largest holder of the cryptocurrency meme also made the move, which was equivalent to $165 million in DOGE.
Dogecoin is one of the most popular coins among the top 100 whales on the BNB chain, according to Whale Alert. The coin is also popular among top 500 holders.
Dogecoin movement
Another Dogecoin whale was responsible for moving 150 million DOGE tokens worth $13 million. This coincided with Robinhood’s announcement that its new self-custodial wallet would be compatible with cryptocurrencies.
Currently, the largest holder of memecoin is Robinhood’s wallet whose address begins with DPDLBA, which contains about 34.76 billion DOGE tokens, which is 25.21% of the total supply and which is worth $3.1 billion at the current exchange rate.
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The second largest wallet, according to CoinMarketcap, has 7.171 billion in DOGE, which is 5.2% of the supply.
The movement of the whales created ripples across the cryptocurrency market, affecting the price of the cryptocurrency. On Sunday (22nd), DOGE reached a weekly high of $0.09208657.
However, the cryptocurrency failed to sustain the bullish rally and at the end of this text was worth $0.08824318, almost 4% lower. However, the price of the meme coin is 24.56% higher than the same time in 2022. The data is from Coindesk.
Dogecoin has a market capitalization of $11.709 million, up 0.62% over the past 24 hours. The volume of the cryptocurrency, in turn, decreased in the same period, with a negative change of 7.72%, for a total of 713.972 million USD.
In this year’s combined result, DOGE is up 25.7%.
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