Dogecoin has declined by around 6% over the last 24 hours, as data shows signs of dumping from the whales.
Dogecoin Whale Deposits To Exchanges Spotted On The Chain
As per data from the crypto transaction tracker service Whale Alert, there have been some large DOGE movements during the last day.
The first of these transfers measured to 212,300,000 DOGE, worth around $26 million at the time the transaction took place.
Such large transactions on the chain usually belong to a single whale, or an entity made up of multiple investors.
Here are some additional details regarding this Dogecoin transfer that may reveal why this movement of coins was done:
Looks like this huge transaction only took $0.27 in fees to be possible | Source: Whale Alert
As you can see above, this Dogecoin transfer was made from some unknown wallet address, to a wallet belonging to the crypto exchange Coinbase.
Generally, unknown…
