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An Anonymous Sender Transfer Massive Dogecoin (DOGE) To Coinbase
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An Anonymous Sender Transfer Massive Dogecoin (DOGE) To Coinbase

  • A remarkable move in the cryptocurrency market has been observed as an anonymous sender transferred approximately 59.9 million Dogecoin, worth about $5 million, to Coinbase.

A substantial transaction involving Dogecoin (DOGE) was recently recorded. A significant amount of 59.9 million DOGE, equivalent to roughly $5 million USD, was moved from an unidentified wallet to Coinbase, the well-known American cryptocurrency exchange. 

This transaction represents a pattern in the Dogecoin ecosystem, where there has been a recent uptick in high-value DOGE transfers. 

For example, on Dec. 29, a transaction of 65.1 million DOGE, valued at about $5.89 million USD, was transferred to Coinbase from an unknown source. 

Other significant transfers include 230 million DOGE to Robinhood, worth roughly $21.61 million USD, and an enormous transfer of nearly 1 billion DOGE, valued at $91.2 million USD, from Binance to an undisclosed wallet. 

See Also: Orbit Chain Lost $81M To A Major Hack Exploit On New Year Eve

These substantial moves have sparked a mix of intrigue and speculation within the crypto community regarding the potential market impact and the motives behind these transfers.

Little Volatility 

Amid these high-volume transactions, Dogecoin’s market behavior has remained fairly steady, according to the data provided by the cryptocurrency tracking website CoinGecko.  

At press time, Dogecoin is the 11th largest cryptocurrency by market cap, trading at $0.090974, with a minor decline of 0.7%. 

DOGE Price Chart | Source: Coinstats

 

The 24-hour trading volume for DOGE is approximately $347.8 million, and its market cap stands at $12.74 billion. 

The coin’s price has seen modest fluctuations, with a 24-hour high of $0.090851 and a low of $0.088825.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.