,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 上阅读这条新闻：Whale 在 Robinhood 上出售大量狗狗币，涉及狗狗币的重大交易搅动了加密市场。一位匿名鲸鱼最近将价值 1855 万美元的 1.2 亿 DOGE 转移到 Robinhood 交易所。这一重大举措引发了投资者对狗狗币价格轨迹的担忧。 是什么触发了鲸鱼转账？链上分析平台 Whale Alert 报告了从 DDuXG 开头的地址到 Robinhood 的大规模转账。这一举动发生在 DOGE 价格上涨期间，暗示鲸鱼可能试图利用价格飙升的机会。有趣的是，上个月 DOGE 价格约为 0.13 美元时，同一地址从 Robinhood 积累了 2.26 亿个 DOGE。目前 DOGE 的价格约为 0.15 美元，鲸鱼已经获得了可观的收益。如此大规模的抛售通常会导致抛售压力，引起投资者的担忧。尽管如此，狗狗币仍设法保持积极的交易立场。狗狗币现在表现如何？最近的数据显示狗狗币的交易价格为 0.1561 美元，在过去 24 小时内上涨了 3.65%。 memecoin 的 24 小时交易范围在 0.1495 美元至 0.1569 美元之间。其市值为 224.1 亿美元，显示出抵御潜在抛售压力的弹性。 与此同时，Coinglass 衍生品数据显示，狗狗币的未平仓合约 (OI) 增长了 7.06%，目前为 8.6993 亿美元。然而，衍生品交易量却下降了7.10%，至14.4亿美元。相对强弱指数 (RSI) 为 52，表明 DOGE 既没有超买也没有超卖，导致市场情绪参差不齐。投资者应考虑以下几点： 大规模交易会影响 DOGE 的价格和市场情绪。尽管销量很大，但目前 DOGE 的价格仍保持弹性。好坏参半的衍生品数据凸显了市场的投机性质。

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

总之，虽然狗狗币的大规模转移带来了不确定性，但市场表现出了显着的弹性。投资者在做出决策时应保持警惕并考虑这些因素。该帖子首次出现在 BH NEWS：Whale 在 Robinhood 上出售大量狗狗币