{"id":242927,"date":"2024-02-07T13:25:26","date_gmt":"2024-02-07T07:55:26","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=242927"},"modified":"2024-02-07T13:25:26","modified_gmt":"2024-02-07T07:55:26","slug":"dogecoin-whale-dumps-100-mln-doge-to-robinhood-price-dip-ahead-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/dogecoin-whale-dumps-100-mln-doge-to-robinhood-price-dip-ahead-crypto-news\/","title":{"rendered":"Dogecoin Whale Dumps 100 Mln DOGE To Robinhood, Price Dip Ahead? – Crypto News"},"content":{"rendered":"

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Dogecoin, a popular meme coin trading within the cryptocurrency realm, echoed a sense of frenzy across the broader crypto market on Wednesday as the token witnessed a significant whale transaction recently. Blockchain metrics spotlighted by the tracker Whale Alert suggest a staggering 100 million DOGE on the move piqued the interest of crypto market traders and investors globally.<\/p>\n

Meanwhile, the meme coin\u2019s price traded in the green as of press time, fueling speculations for its run shortly ahead as the whale\u2019s colossal selloff may potentially impact the DOGE price.<\/p>\n

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On the other hand, the token\u2019s wallet adoption<\/a> surged substantially in recent days, birthing additional inferences for DOGE\u2019s price action shortly ahead.<\/p>\n

Dogecoin Whale Transaction: In-Depth Report<\/h2>\n

According to the data unveiled by Whale Alert, 100 million DOGE, worth $7.83 million, was transferred from an unknown wallet, \u2026wwKF, to Robinhood, a renowned American financial services provider company, today February 7.<\/p>\n

This significant DOGE selloff, surfacing amid the meme coin\u2019s price jump, sparked immense curiosity among crypto market fanatics globally, contrasting usual market sentiments of a price dip with supply upswing.<\/p>\n

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Notably, in the interim, the open interest<\/a> for the token noted a 2.25% drop, reaching $438.64 million as of writing. This further showcased investors leaving the market, aligning with the liquidation done by the whale mentioned above.<\/p>\n

However, intriguingly, the Dogecoin price portrayed a marginal jump as of press time, contrasting with the whale\u2019s massive selloff and fall in open interest.<\/p>\n

Also Read: South Korea to Bring Strict Digital Assets Act With Life Imprisonment for Violators<\/a><\/strong><\/p>\n

DOGE Price Jumps<\/h2>\n

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As of writing, the Dogecoin price<\/a> jotted down a slight bump of 0.40% over the past 24 hours and is currently resting at $0.07846. However, the weekly and monthly charts showcase a 1.53% and 3.10% drop respectively.<\/p>\n

The DOGE price\u2019s juxtaposing movement today appears to come as a result of the recent surge in wallet adoption. However, subsequent to the whale\u2019s offloading chronicle, the meme coin\u2019s price chart appears to be gradually gaining a downward momentum. Crypto market enthusiasts globally seem to be extensively eyeing the token, hoping to see a price action shift soon.<\/p>\n

Also Read: XRP Lawsuit: Ripple Sends Letter To Judge Torres After SEC Wins Motion<\/a><\/strong><\/p>\n

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article. <\/p>\n<\/p><\/div>\n

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

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Dogecoin, a popular meme coin trading within the cryptocurrency realm, echoed a sense of frenzy across the broader crypto market on Wednesday as the token witnessed a significant whale transaction recently. Blockchain metrics spotlighted by the tracker Whale Alert suggest a staggering 100 million DOGE on the move piqued the interest of crypto market traders […]<\/p>\n","protected":false},"author":2,"featured_media":204329,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-242927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/242927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=242927"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/242927\/revisions"}],"predecessor-version":[{"id":242929,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/242927\/revisions\/242929"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/204329"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=242927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=242927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=242927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}