,You can also read this news on BH NEWS: Whale Sells Massive Dogecoin on Robinhood
A major transaction involving Dogecoin has stirred the crypto market. An anonymous whale recently transferred 120 million DOGE valued at $18.55 million to the Robinhood exchange. This significant move has sparked concerns among investors regarding Dogecoin’s price trajectory.
What Triggered the Whale Transfer?
Whale Alert, an on-chain analysis platform, reported this massive transfer from an address beginning with DDuXG to Robinhood. The move occurred during a period of rising DOGE prices, hinting that the whale might be attempting to capitalize on the price surge.
Interestingly, the same address accumulated 226 million DOGE from Robinhood last month when DOGE was around $0.13. With DOGE now sitting at approximately $0.15, the whale has seen substantial gains. Such large-scale sales typically lead to selling pressure, causing worry among investors. Nonetheless, Dogecoin has managed to maintain a positive trading stance.
How is Dogecoin Performing Now?
Recent data shows DOGE trading at $0.1561, marking a 3.65% increase over the last 24 hours. The memecoin‘s 24-hour trading range has been between $0.1495 and $0.1569. Its market cap stands at $22.41 billion, displaying resilience against potential selling pressures.
Meanwhile, Coinglass derivative data indicates a 7.06% rise in Dogecoin’s open interest (OI), now at $869.93 million. However, derivative trading volume has fallen by 7.10% to $1.44 billion. The Relative Strength Index (RSI) is at 52, signifying that DOGE is neither overbought nor oversold, contributing to mixed market sentiments.
Key Takeaways for Investors
Investors should consider the following points:

Large-scale transactions can influence DOGE’s price and market sentiment.
Current DOGE price remains resilient despite significant sales.
Mixed derivative data highlights the speculative nature of the market.

，您也可以在 BH NEWS 上閱讀這則新聞：Whale 在 Robinhood 上出售大量狗狗幣，涉及狗狗幣的重大交易攪動了加密市場。一位匿名鯨魚最近將價值 1855 萬美元的 1.2 億 DOGE 轉移到 Robinhood 交易所。這項重大舉措引發了投資者對狗狗幣價格軌蹟的擔憂。這一舉動發生在 DOGE 價格上漲期間，暗示鯨魚可能試圖利用價格飆升的機會。目前 DOGE 的價格約為 0.15 美元，鯨魚已經獲得了可觀的收益。如此大規模的拋售通常會導致拋售壓力，引起投資者的擔憂。儘管如此，狗狗幣仍設法保持積極的交易立場。 memecoin 的 24 小時交易範圍在 0.1495 美元至 0.1569 美元之間。其市值為 224.1 億美元，顯示出抵禦潛在拋售壓力的彈性。然而，衍生性商品交易量卻下降了7.10%，至14.4億美元。相對強弱指數 (RSI) 為 52，顯示 DOGE 既沒有超買也沒有超賣，導致市場情緒參差不齊。儘管銷量很大，但目前 DOGE 的價格仍保持彈性。好壞參半的衍生性商品數據凸顯了市場的投機性質。

In conclusion, while the massive Dogecoin transfer has introduced uncertainty, the market has shown notable resilience. Investors should remain vigilant and consider these factors when making decisions.
The post first appeared on BH NEWS: Whale Sells Massive Dogecoin on Robinhood

總之，雖然狗狗幣的大規模轉移帶來了不確定性，但市場表現出了顯著的彈性。投資者在做出決策時應保持警惕並考慮這些因素。