On-chain data shows that the Dogecoin whales have recently made massive moves. Here’s where these moves have been heading.
Dogecoin Network Has Witnessed Some Large Moves Recently
According to data from the cryptocurrency transaction tracker service Whale Alert, some large DOGE moves have been spotted on the blockchain within the past few days.
The moves are of a scale generally associated with whales, a cohort that carries an extremely large number of coins in their wallets. These entities can be influential in the market, so their transfers can be something to watch out for, as they may impact the asset’s price.
Four such transactions have appeared on the chain during the last 48 hours, implying that some whales have been repositioning themselves. What these moves imply for the market depends on what these investors want to achieve.
A closer look at the transfers’ individual details can help explain why each was made. First, the oldest of these transfers involved t
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