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
![[Key Economic and Crypto Events for the Week Ahead] U.S. January CPI, etc.](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)
