Opportunity to Buy Dip as 350 Million Dogecoins are Purchased Despite DOGE Price Decrease

An anonymous wallet transferred an astonishing 350 million Dogecoins, worth $26.5 million, to another anonymous wallet, likely indicating a purchase. The transfer was completed in under an hour and cost only a 31-cent fee, with the @DogeWhaleAlert tracker of DOGE transactions marking it as between the two top 20 wallets. Meanwhile, 34 million Dogecoins were moved to a Binance wallet by several anonymous wallets, believed to be in preparation for selling. This comes at a time when many traders have been withdrawing their crypto holdings from Binance, with large amounts of XRP also being withdrawn, following the Commodity Futures Trading Commission’s accusation that Binance has allegedly been failing to maintain records and reports for compliance with their trading platform. Binance was accused of violating laws about spot and derivatives trading, allegedly allowing US citizens to trade on its main platform without using Binance US. It was also revealed that head of the exchange, Changpeng Zhao, used proprietary accounts on Binance to trade against his own customers.

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About The Author

Niels I have been passionate about dogecoin since 2019, and have since become an avid follower and advocate of the cryptocurrency. I keep a close eye on the Dogecoin market and trends, and I'm always up-to-date with the latest news and developments. As a true believer in the potential of dogecoin, I am excited to be a part of the growing community and I'm eager to share my knowledge and experience with others. When not busy with dogecoin, I enjoy golf, and I can often be found on the golf course.

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