{"id":282545,"date":"2024-04-13T11:04:22","date_gmt":"2024-04-13T05:34:22","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=282545"},"modified":"2024-04-13T11:04:22","modified_gmt":"2024-04-13T05:34:22","slug":"dogecoin-whales-shift-324-mln-doge-amid-price-slip-below-0-18-whats-next-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/dogecoin-whales-shift-324-mln-doge-amid-price-slip-below-0-18-whats-next-crypto-news\/","title":{"rendered":"Dogecoin Whales Shift 324 Mln DOGE Amid Price Slip Below $0.18, What’s Next? – Crypto News"},"content":{"rendered":"

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In an unforeseen turn of events, amidst a substantial downturn faced by the majority of crypto prices today, an intriguing phenomenon appears to have magnetized notable investor attention to Dogecoin, the largest meme cryptocurrency by global market cap. Intriguingly, mirroring the broader crypto market\u2019s current trend, Dogecoin\u2019s price witnessed a slip below $0.18 in the past 24 hours, aligning with today\u2019s noteworthy crypto market crash. Amid this slip in price, massive whale activity, showcasing nearly 324 million DOGE shifted in the past 24 hours, gained significant traction across the global crypto realm. This promptly stirred speculations among crypto traders and investors over DOGE\u2019s future price action.<\/p>\n

Dogecoin Whale Transfers: What\u2019s The Scoop?<\/h2>\n

According to insights offered by Whale Alert, a blockchain tracker, three massive whale transactions collectively shifted 324 million coins over the past day.<\/p>\n

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The first transaction illustrated 100 million DOGE, worth $17.32 million, dumped to Robinhood, an American exchange. Whereas, the second transaction showcased 150 million DOGE, worth $26.03 million, accumulated by a whale from the same exchange. Simultaneously, the third transfer disclosed 74.02 million DOGE, worth $12.58 million, shifted to Robinhood, igniting a torrent of speculative buzz among crypto market enthusiasts as these transactions portray a sense of mixed sentiments among whales for the asset.<\/p>\n

With some whales dumping DOGE while others accumulate amid the currently-witnessed pre-halving crash, crypto market enthusiasts speculate over Dogecoin\u2019s price action ahead. In the interim, on-chain metrics for the dog-based meme token further fell in line with its bearish turn recorded today.<\/p>\n

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Also Read: VeChain Partners with UFC to Launch Tokenized Gloves, Will VET Rally?<\/a><\/strong><\/p>\n

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Dogecoin\u2019s Price Plunges<\/h2>\n

As of writing, the Dogecoin token\u2019s<\/a> price jotted a considerable 13.24% dip in the past 24 hours and is currently resting at $0.1721. Notably, this downturn can be primarily attributed to a couple of on-chain factors, including DOGE liquidations and open interest.<\/p>\n

Coinglass<\/a>\u2018 data revealed that DOGE liquidations totaled a staggering $21.38 million in the past 24 hours, with $18.30 million in long positions and $13.08 million in short positions. This further underscores an increased selling pressure in the market, mirroring DOGE\u2019s price fall. Meanwhile, the token\u2019s open interest dropped 22.43%, adding to Dogecoin\u2019s bearish take as investors showcased a sense of reduced interest in the asset.<\/p>\n

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This data collectively paints an unsure picture of DOGE\u2019s price action ahead, as whales showcase a mixed sentiment, while on-chain data further stirs bearish sentiments on Dogecoin. Besides, it is also worth noting that DOGE could witness a significant upturn following the BTC halving<\/a> event, as historical data illustrates that altcoins mimic BTC\u2019s price movements post-halving.<\/p>\n

Also Read: $925 Million Liquidate As Bitcoin Price Crashes to $65,000, Options Market Jittery<\/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 unforeseen turn of events, amidst a substantial downturn faced by the majority of crypto prices today, an intriguing phenomenon appears to have magnetized notable investor attention to Dogecoin, the largest meme cryptocurrency by global market cap. Intriguingly, mirroring the broader crypto market\u2019s current trend, Dogecoin\u2019s price witnessed a slip below $0.18 in the […]<\/p>\n","protected":false},"author":2,"featured_media":182953,"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-282545","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\/282545","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=282545"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/282545\/revisions"}],"predecessor-version":[{"id":282551,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/282545\/revisions\/282551"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/182953"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=282545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=282545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=282545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}