According to data shared by popular crypto tracking service Whale Alert, around eight hours ago, an anonymous crypto holder transferred a mind-blowing amount of Dogecoin to popular trading venue Robinhood.

He sent 300,000,000 DOGE in total – this is an amount of meme crypto equal to $25,033,123. It was sent for a tiny fee of $0.18 (that is 2.256 DOGE). No traditional bank can offer such a bargain for a $25-million transfer and at the speed at which it was performed.

그는 총 300,000,000 DOGE를 보냈습니다. 이는 $25,033,123에 해당하는 밈 암호화폐 금액입니다. $0.18(즉, 2.256 DOGE)라는 작은 수수료로 전송되었습니다. 어떤 전통적인 은행도 2,500만 달러의 이체 속도에 대해 그러한 할인을 제공할 수 없습니다.

🚨 🚨 300,000,000 #DOGE (25,033,123 USD) transferred from unknown wallet to #Robinhoodhttps://t.co/128ufh5OA5

🚨 🚨 알 수 없는 지갑에서 #Robinhood 로 300,000,000 #DOGE (25,033,123 USD) 이체https://t.co/128ufh5OA5

— Whale Alert (@whale_alert) December 1, 2023

— 고래 경보(@whale_alert) 2023년 12월 1일

Dogecoin whales active in November 

11월에 활동하는 Dogecoin 고래

The goal of this transaction remains unclear, since Robinhood allows not only selling and buying DOGE and other cryptocurrencies. It also has its own wallets where users can store their crypto for a long time on the platform. On Nov. 16, an impressive amount of DOGE was sent to Robinhood as well – that chunk of meme crypto contained 103,000,000 DOGE.

Overall, November was a month rich in large Dogecoin transfers. Throughout the whole month, Whale Alert spotted astounding transactions of DOGE made by anonymous whales and Robinhood and between unknown wallets. Once the tracker spotted a tremendous amount of DOGE transferred between them – 690,000,000 meme coins worth more than $50 million in fiat.

November has also seen quite a lot of dormant DOGE wallets awaken and start to move large amounts of Dogecoin. Aside from that, 121 new DOGE addresses, holding more than 1,000,000 DOGE each, emerged, according to a report from Santiment on-chain data provider.

11월에는 휴면 상태의 DOGE 지갑이 많이 활성화되어 대량의 Dogecoin이 이동하기 시작했습니다. 그 외에도 Santiment 온체인 데이터 제공업체의 보고서에 따르면 각각 1,000,000개 이상의 DOGE를 보유하는 121개의 새로운 DOGE 주소가 등장했습니다.

DOGE may double its price, analyst believes

DOGE는 가격을 두 배로 늘릴 수 있다고 분석가는 믿습니다.

Earlier this week, crypto analyst Ali Martinez posted a tweet to share a DOGE chart and opine that the most popular canine cryptocurrency may double its price, provided that it manages to break above the $0.087 crucial resistance.

Per Ali, at this level suddenly came together the 0.786 Fibonacci level and both the 100-week and 200-week EMAs, which makes it hard to break through. However, if Dogecoin manages to do that, its price may double, i.e., surge to the $0.14 level.

Since the start of the week, Dogecoin has managed to stage growth of 11.36%, hitting the $0.0848 price tag. It added almost 6% over the past 24 hours. However, today the price began to decline, losing 1.29% and now trading at $0.0838.

이번 주 초부터 Dogecoin은 11.36%의 성장을 이루며 $0.0848 가격표를 기록했습니다. 지난 24시간 동안 거의 6% 증가했습니다. 그러나 오늘 가격은 하락하기 시작하여 1.29% 하락하여 현재 $0.0838에 거래되고 있습니다.

Last weekend and again this week, Dogecoin demonstrated an impressive surge in transactions on the Dogecoin network. It surged first to more than a million and then to over 1.5 million daily transfers, leaving both Bitcoin and Ethereum far behind.

지난 주말과 이번 주에도 Dogecoin은 Dogecoin 네트워크에서 인상적인 거래 급증을 보여주었습니다. 처음에는 백만 건 이상으로 급증한 다음 일일 전송 건수는 150만 건 이상으로 급증하여 비트코인과 이더리움 모두 훨씬 뒤쳐졌습니다.

However, this transaction spike is believed to be caused by small transactions, whose makers took advantage of very low DOGE fees and dust limits on the network.

Dogecoin cofounder Billy Markus commented on that spike last Saturday, sharing that the spike was due to people moving Doge Ordinals (Doginals) and "s-coins" – tokens made on the Dogecoin blockchain based on its new token standard DRC-20.

Dogecoin 공동 창업자인 Billy Markus는 지난 토요일 급증에 대해 논평하면서 이러한 급증은 사람들이 Doge Ordinals(Doginals) 및 "s-coins"(새로운 토큰 표준 DRC-20을 기반으로 Dogecoin 블록체인에서 만들어진 토큰)를 이동했기 때문이라고 공유했습니다.