Summary
- An anonymous whale reportedly deposited a large amount of Dogecoin (DOGE) to Coinbase.
- Two large deposits were made, amounting to approximately $35.89 million and $37.99 million, respectively.
- Large-scale coin deposits typically lead to increased selling pressure, potentially triggering short-term volatility.
An anonymous whale has deposited a large amount of Dogecoin (DOGE) to Coinbase.
According to Whale Alert on the 9th (local time), the anonymous whale deposited 106,437,367 DOGE to Coinbase. This amounts to approximately $35.89 million (about 52.7 billion KRW). Another whale deposited 112,670,012 DOGE to Coinbase, amounting to approximately $37.99 million (about 55.8 billion KRW).
Typically, large-scale coin deposits to exchanges can lead to increased selling pressure, which may cause short-term volatility.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![Dow Tops 50,000 for First Time Ever as “Oversold” Narrative Spreads [New York Stock Market Briefing]](https://media.bloomingbit.io/PROD/news/1c6508fc-9e08-43e2-81be-ca81048b8d11.webp?w=250)
!["No U.S. government backstop" shock…Bitcoin retreats to the $60,000 level; Ethereum also rattled [Lee Su-hyun’s Coin Radar]](https://media.bloomingbit.io/PROD/news/a68e1192-3206-4568-a111-6bed63eb83ab.webp?w=250)