- It was announced that 400 million DOGE was transferred from an important anonymous wallet to Binance, amounting to approximately 198.7 billion won.
- Such large deposits can lead to increased selling pressure on exchanges, potentially increasing short-term volatility.
- The price of Dogecoin on the Binance USDT market is trading at $0.34682, down 8.76% from 24 hours ago.
STAT AI Notice
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
A large amount of Dogecoin (DOGE) has been transferred from an anonymous wallet to Binance.
On the 20th (local time), Whale Alert announced on X that "400 million DOGE has been transferred from an anonymous wallet to Binance," stating it was "approximately 137.79 million dollars (about 198.7 billion won) in scale."
Typically, large deposits to exchanges can lead to an increase in selling pressure, potentially causing short-term volatility.
As of 7:27 PM, Dogecoin is trading at $0.34682 on the Binance USDT market, down 8.76% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBitPiCK News
Exchange Rate Fluctuates Amid Tariff Uncertainty... KRW-USD Rate Drops by 18.6 Won [Hankyung Foreign Exchange Market Watch]
16 minutes ago![Exchange Rate Fluctuates Amid Tariff Uncertainty... KRW-USD Rate Drops by 18.6 Won [Hankyung Foreign Exchange Market Watch]](https://media.bloomingbit.io/prod/news/820bd538-f8c3-427f-b98c-2738f9b62503.webp)
US NCPPR "Rising Inflation... Companies Should Consider Holding Bitcoin"
36 minutes ago
Seo Yoo-seok, Head of the Korea Financial Investment Association: "Bitcoin ETF Should Be Listed in Korea This Year"
2 hours ago
[Today's Global Trending Coins] Verachain, Solana, Kaito, and Others
3 hours ago![[Today's Global Trending Coins] Verachain, Solana, Kaito, and Others](https://media.bloomingbit.io/prod/news/5116a3f4-1c3b-4995-aa93-edf39039f2d3.webp)
"Ripple Stablecoin, Traded Over 100,000 Times in Just 2 Months"
4 hours ago
Ranking News