{"id":276610,"date":"2024-04-03T14:26:54","date_gmt":"2024-04-03T08:56:54","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=276610"},"modified":"2024-04-03T14:26:54","modified_gmt":"2024-04-03T08:56:54","slug":"whales-move-over-580-mln-coins-will-dogecoin-recover-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/whales-move-over-580-mln-coins-will-dogecoin-recover-crypto-news\/","title":{"rendered":"Whales Move Over 580 Mln Coins, Will Dogecoin Recover? – Crypto News"},"content":{"rendered":"

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In an attention-grabbing chronicle witnessed within the cryptocurrency realm, Dogecoin, one of the most renowned meme-based cryptocurrencies, garnered significant investor attention today, April 3, as the token noted massive whale transactions. These transactions, emerging amid DOGE\u2019s slip to the $0.18 level, birthed a tsunami of speculations surrounding DOGE\u2019s price action ahead.<\/p>\n

Following massive liquidations and market corrections, Dogecoin recorded a substantial plunge recently. Now, with on-chain whale activity burgeoning for the token, investors speculate over Dogecoin\u2019s price as BTC halving approaches. Intriguingly, Bitcoin\u2019s pre-halving correction adds up to the plunge witnessed by altcoins, as even DOGE reflected, mirroring a broader downtrend in the market.<\/p>\n

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DOGE Whale Activity Stirs Speculations Over Mixed Market Sentiments<\/h2>\n

According to the data spotlighted by the blockchain tracker Whale Alert, a staggering 583.75 million DOGE was noted to be on the move over the past 24 hours. Notably, these whale transactions showcased dumps to exchanges and accumulation by whales in hand, showcasing mixed sentiments in the market.<\/p>\n

As per the data, 229 million DOGE, worth $42.95 million, was accumulated by an unknown wallet from Robinhood, whereas 60.26 million coins, worth $11.14 million, were dumped into the same CEX by another whale. Similarly, 58.81 million DOGE, worth $11.03 million, was accumulated from Coinbase, one of the leading CEXs, whereas 234.68 million DOGE, worth $43.61 million, was dumped to the same by another whale. This collectively hinted at a mixed sentiment among whales, in turn curating an uncertain scenario orbiting Dogecoin\u2019s price action ahead.<\/p>\n

Meanwhile, market dynamics for the meme coin further nabbed significant attention, illustrating a bearish trend win over the token.<\/p>\n

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Also Read: Shiba Inu Emerges As Top Traded Crypto On WazirX In India<\/a><\/strong><\/p>\n

Dogecoin Price Slips<\/h2>\n

As of writing, the Dogecoin token\u2019s price<\/a> noted a dip of 1.37% in the past 24 hours, currently resting at $0.184. This massive drop comes surfing the tide of recent market corrections, as mentioned above.<\/p>\n

Simultaneously, Coinglass<\/a> revealed a 4.47% drop in the token\u2019s open interest, accompanied by a dip in the OI-weighted funding rate to 0.0197%. Hinting at reduced readiness among investors to invest more in long positions, escorted by a loss of investor interest in the asset, the token took a bearish stance as of press time.<\/p>\n

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Moreover, analysis by CoinGape Media highlighted another intriguing phenomenon, wherein the dog-based meme token witnessed substantial selling pressure<\/a> at the $0.22 mark, leading to a phenomenal price decrease to now trade at $0.18. In the analysis, aligning with the 4-hour chart, DOGE\u2019s peak has formed a double-top pattern, amplifying the bearish sentiment among traders.<\/p>\n

\"DOGE<\/p>\n

Should supply pressure persist moving ahead, the DOGE price may record another dip of nearly 8% to hit combined support of the ascending trendline and 38.2% Fibonacci retracement level at $0.17. Nonetheless, crypto market enthusiasts continue to extensively eye the token as BTC halving looms and historic data showcases altcoins mimicking BTC\u2019s price movements.<\/p>\n

Also Read: Solana Price Surge Secrets Revealed; What\u2019s Solana Hiding From Us<\/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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In an attention-grabbing chronicle witnessed within the cryptocurrency realm, Dogecoin, one of the most renowned meme-based cryptocurrencies, garnered significant investor attention today, April 3, as the token noted massive whale transactions. These transactions, emerging amid DOGE\u2019s slip to the $0.18 level, birthed a tsunami of speculations surrounding DOGE\u2019s price action ahead. Following massive liquidations and […]<\/p>\n","protected":false},"author":2,"featured_media":242235,"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-276610","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\/276610","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=276610"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/276610\/revisions"}],"predecessor-version":[{"id":276612,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/276610\/revisions\/276612"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/242235"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=276610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=276610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=276610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}