Summary
- 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.
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 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)
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