The cryptocurrency analyst and merchant Ali Martinez, known in the encryption community on X under the @Ali_charts username, moved to social media to reveal that whales have been emptying a huge amount of the original Mim currency, Dog.
More than half a billion DOGECOIN has been sold by encryption whales, according to the data on the series that Martinez shares today. According to the Santiment scheme, these whales were between 10,000,000 and 100,000,000 DOGE. The discharge is in line with the decrease in the last DOGECOIN price, when the distinctive Meme currency has decreased by 7.2 %, has decreased from $ 0.1680, and the hands are currently changing at $ 0.15594.
478,000,000 Doge changes the hands unknown
Meanwhile, two days ago, Alert’s encoding tracking service monitored a giant transaction that sent 478,000,000 dusks between anonymous Blockchain addresses. Mammoth Dog’s batch was equal to 72,980,331 dollars. Along with 470 million Dougi, this conversion reaches 1,048,000,000 dusks within one week.
The encryption community quickly participated in a hot discussion regarding the nature and the purpose of this deal in the comments section. This deal can be the result of the exchange of encryption that reformulates its property, or the encryption distribution whale between its governor or trade that does not need a prescription by players in the adult market.
One thing is certain – Dogecoin is still an important player in the market, although one of the largest price drivers, Elon Musk, after calmness about his favorite encryption over the past few years, does not sweep it more than just from time to time.
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Binance CEO emphasizes the importance of transferring encryption
Richard Ting, CEO of Binance, has posted a tweet to highlight the positive impact caused by the coded currency on the field of financial transfers. From Twitter, he often meant transfers, but he stressed that even influencing this field is very important for millions of users.
He said that the large reduction in the transportation fees brought by the cryptocurrency “cannot be exaggerated.” Ting stressed that this is very important in particular for developing countries because millions of people who come to work in advanced economies send money regularly to the homeland “to provide vital support for loved ones across the border.”
