Did Dogecoin whales just buy the dip in $27M move or what?

In the last 24 hours, top cryptocurrencies like Bitcoin, Ethereum, Dogecoin, Solana, and others have experienced a massive drop in their value. Amidst this price fall, DOGE experienced a drop of over 10%. Recently, a popular whale transaction tracker, Whale Alert, made a post on X (previously Twitter) that a massive amount of DOGE coins was transferred from Robinhood to an unknown wallet.

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With this massive withdrawal of DOGE, currently, this DOGE whale holds nearly 2.1 billion DOGE tokens worth around $404 million. 

In the last 24 hours, DOGE experienced a downside momentum of over 11%, and currently, it is trading near $0.18. If we look at DOGE’s performance over a longer period, in the last 7 days, DOGE’s price remained constant. Whereas, in the last 30 days, the performance of DOGE is better as it experienced an upside momentum of over 30%.

DOGE is not the only meme coin that experienced a price fall. Other meme coins like SHIB, WIF, PEPE, FLOKI, and others also saw a price fall of over 10% in the last 24 hours. According to expert technical analysis, DOGE is going through a price correction, and there is a possibility that DOGE’s price could fall to $0.16 level. As the cryptocurrency market continues to fall, some crypto giants are taking this as an opportunity to add massive tokens to their holdings.

However, recently on April 1, 2024, a