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Major blockchain tracking whale alert, which tracks large cryptocurrency transactions, spread the word about a Huge DogeCoin Withdrawal Spotted on the world's largest centralized crypto exchange, Binance.
The value of the transfer monitored by Whale Alert is approximately $55 million in FIAT.
175.2 million Doge moved away from Binance
The aforementioned data source shared details of the large crypto transfer, which carried $175,274,112 worth $54,687,521. This huge piece of DogeCoin was transferred from Binance to an anonymous cryptocurrency wallet.
Details shared by Whale Alert showed that this amount of Meme coins was sent to two different blockchain wallets. Three transfers, which carried 90,071,992 doges, were sent to the -FSSNC wallet. A total of 175,274,112 doges were transferred to another wallet, ending at -EBOT6.
The first wallet currently holds 537,812,664 doges worth $173,476,853, while the other anonymous wallet holds 175,274,112 doges worth $56,536,417. The purchases were made when the popular Meme coin suffered a massive dive, giving traders and investors a great opportunity to buy it on Dip.
As of this writing, the largest cryptocurrency by market cap size, Doge, changes hands at $0.32041. Over the past 24 hours, DogeCoin saw a significant decline of just over 12%, falling from the $0.35349 level. The iconic Asset Meme followed the path of Bitcoin prices; Over the past day, the world's largest cryptocurrency staged a decline, shedding 6.5% and around $7,000 in price valuation. Currently, Bitcoin has recovered a bit, printing an increase from $98,320 to the $100,460 price level.
This was not the only major cryptocurrency transaction seen today.
Related to
The whale catches 257.5 billion graylings
Social media network analytics account x tweeted that the mysterious cryptocurrency whale had accumulated 257.5 billion chips. This amount of Shiba Inu Meme Coins is worth about $4.6 million.
The same whale recently purchased a similar block of SHIB and currently owns 477.5 billion SHIB worth $8.57 million in FIAT, the data source noted. Similar to the whale who bought Doge, the Shib buyer took advantage of a significant price drop, buying Shib on DIP.
Currently, Shape is starting to recover after the 11.84% collapse it faced in the last 24 hours. It is now trading at $0.00001819 after a 3.55% retracement.
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