The encryption market is concerned with huge treatment of Dogecoin (Doge). Whale transfer 100 million dusksOr about $ 25.42 million, to Binance. The move raised questions about whether the sale is about to happen or if this is just a typical transformation of the holdings.
Whale activity raises fears
When the main cryptocurrency holder moves a large amount of their property to the stock exchange, this usually means that they want to sell. DOGE price may decrease as a result, which may cause smaller investors’ reaction. However, Ali Martinez, a cryptocurrency expert, noticed a decrease in whale activity in general, indicating that major investors are not acting strongly at the present time.
Pisces activity on #DogeCoin $ Doge The network has decreased by about 88 % since mid -November! pic.twitter.com/6x4cih3mf8
Ali (ali_charts) February 17, 2025
The current market performance points are DOGE to mystery. From the time of writing, price It is $ 0.255622; A rise in the day is $ 0.257605 and the lowest level is $ 0.250725. These fluctuations mean a fairly limited trading range; However, if the holders decide more important to sell their shares, the volatility may increase.
Market morale is still divided
According to some traders, the transfer of whales is a declining signal, while others believe that its effect may be small unless the flow of additional metal currencies. Dogecoin has a history of response sharply to Pisces movements; However, the total selling pressure appears to have undergone this time.
Continuous discussion on capabilities DOGE trading box (ETF) is another important factor that affects feelings. If ETF gains momentum, it may attract institutional investors, and may oppose any whale sale. However, the market is currently in a state of assumption, as official approvals or time schedules have not been announced.
The road in front of Dukwin
Despite the step of whales, the price of Doug is still fixed, but if the market morale turns, there may be an additional decrease. More dumping may occur if the price of Dog decreases to less than $ 0.25, which may increase the price. On the other hand, strong purchase activity may be an obstacle to reduce it.
Investors options
The whale movement reminds us of the speed of the dynamics of the retail market. Some people may decide to keep their positions because they hope to raise potential stimuli such as ETF prices, while others take a more careful approach, looking for signs to increase whale activity before deciding what to do after that.
Distinctive image of medium, tradingView graph
