70,081,151 DOGE Stun World's Largest Crypto Exchange, Here's What's Happening

Cover Image:

Whale Deposits $27 Million Dogecoin on Binance

Whale Alert, a blockchain tracking platform, has detected a significant Dogecoin deposit worth over $27 million on Binance, the largest cryptocurrency exchange. The 70,081,151 DOGE transfer originated from an unknown blockchain address.

According to Blockchair, the sender's wallet was recently created with only four transactions. It received 70,081,124 DOGE on January 6th, which was subsequently sent to Binance.

Sell Signal for Dogecoin

Cryptocurrency analyst Ali Martinez (@ali_charts) identified a sell signal on the daily Dogecoin chart using the TD Sequential indicator, which predicts price corrections and rebounds.

[Twitter Screenshot]

Dogecoin Price Correction

After a 16% surge since Friday, Dogecoin has experienced a 2.51% decline today. At the time of writing, it trades at $0.38,680 per coin.

Dogecoin Co-Founder's Reaction to Bitcoin Regaining $100,000

On January 6th, Bitcoin surpassed $100,000 due to a major purchase by MicroStrategy. Dogecoin creator Billy Markus (@BillyM2k) responded with a humorous meme.

[Twitter Screenshot]

Markus, despite holding Bitcoin (0.006 BTC), has expressed skepticism towards crypto as an investment, stating that its price fluctuations are unpredictable.