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a time when many traders have been withdrawing their crypto holdings from Binance, with large amounts of XRP also being withdrawn, following the Commodity Futures Trading Commission’s accusation that Binance has allegedly been failing to maintain records and reports for compliance with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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