Price: $0.38350 -9.3085%
Market Cap: 56.29B 1.9268%
Volume (24h): 18.87B 0.4%
Dominance: 1.9268%
Price: $0.38350 -9.3085%
Market Cap: 56.29B 1.9268%
Volume (24h): 18.87B 0.4%
Dominance: 1.9268% 1.9268%
  • Price: $0.38350 -9.3085%
  • Market Cap: 56.29B 1.9268%
  • Volume (24h): 18.87B 0.4%
  • Dominance: 1.9268% 1.9268%
  • Price: $0.38350 -9.3085%
Home > Information news > 550 Million Dogecoin (DOGE) in 20 Minutes, Something Is Brewing

550 Million Dogecoin (DOGE) in 20 Minutes, Something Is Brewing

Release: 2024/11/14 04:09 Reading: 775

Original author:U_Today

Original source:https://coinmarketcap.com/community/articles/6734fbbe26a19210f256ff26

550 Million Dogecoin (DOGE) in 20 Minutes, Something Is Brewing

Dogecoin Whales Drive Market Movements

Massive Whale Transactions

Dogecoin whales have played a key role in shaping the cryptocurrency landscape with their significant transactions. Whale Alert, a crypto analytics platform, reports that 550,000,000 DOGE were moved in just 20 minutes. This highlights the deep involvement of whales in the meme coin ecosystem.

Dogecoin's Price Reset and Recovery

Despite a recent correction, Dogecoin's price has remained resilient. The correction followed an explosive week in which DOGE rallied by over 115%. Analysts such as Peter Brandt remain optimistic about the coin's future based on historical trends.

Whale Influence on Price

Whale Alert has revealed that 200 million DOGE, worth approximately $77.4 million, was transferred between two anonymous wallets. The platform also reported two other large transactions involving 150 million and 200 million DOGE. These whale actions have supported the recovery of Dogecoin's price.

Current Price Action

At the time of writing, DOGE is trading at $0.4138, up 6.93% in the past 24 hours. The meme coin has regained the $0.40 level as a key support level.

Outlook for Dogecoin

Dogecoin's correlation with Bitcoin suggests that it could benefit from Bitcoin's recent surge to an all-time high above $91,500. Sustained positive metrics, such as Open Interest and trading volume, could further contribute to Dogecoin reaching its all-time high of $0.7375.

Selected Topics

  • Dogecoin whale activity
    Dogecoin whale activity
    Get the latest insights into Dogecoin whale activities with our comprehensive analysis. Discover trends, patterns, and the impact of these whales on the Dogecoin market. Stay informed with our expert analysis and stay ahead in your cryptocurrency journey.
  • Dogecoin Mining
    Dogecoin Mining
    Dogecoin mining is the process of adding new blocks of transactions to the Dogecoin blockchain. Miners are rewarded with new Dogecoin for their work. This topic provides articles related to Dogecoin mining, including how to mine Dogecoin, the best mining hardware and software, and the profitability of Dogecoin mining.
  • Spacex Starship Launch
    Spacex Starship Launch
    This topic provides articles related to SpaceX Starship launches, including launch dates, mission details, and launch status. Stay up to date on the latest SpaceX Starship launches with this informative and comprehensive resource.
  • King of Memes: Dogecoin
    King of Memes: Dogecoin
    This topic provides articles related to the most popular memes, including "The King of Memes: Dogecoin." Memecoin has become a dominant player in the crypto space. These digital assets are popular for a variety of reasons. They drive the most innovative aspects of blockchain.