As a seasoned crypto investor with a knack for spotting trends and interpreting market movements, these large transactions of meme coins have certainly piqued my interest. The recent 200 million Dogecoin transfer from Robinhood, worth a whopping $45.7 million, is particularly intriguing. I’ve learned over the years that such large moves are often indicative of big players making strategic decisions, and the subsequent 13% price surge suggests as much.
As a researcher delving into the fascinating world of blockchain technology, I’ve recently come across an intriguing observation made by the Whale Alert platform – a system designed to monitor substantial cryptocurrency transactions. This platform has highlighted an extraordinary Dogecoin transaction originating from an anonymous ‘whale’, a term used for large-scale crypto investors, operating within a well-known investment and trading application.
Over the past weekend, there were numerous significant transactions involving popular meme coins, with approximately 1.6 trillion Shiba Inu tokens transferred just the previous day.
The significant Dogecoin transaction sparked a wave of responses within the cryptocurrency world, with diverse opinions about it starting to surface on various platforms.
200 million DOGE taken off Robinhood amid 13% price surge
It was reported by the specified data source that a significant investor in digital currency (referred to as a ‘whale’) withdrew an impressive 200 million Dogecoin, equivalent to approximately $45,746,453, from the well-known trading platform Robinhood.
The funds were sent to an unknown blockchain wallet -1pMke which currently contains 30,237,003,292 Dogecoin valued at $6,891,315,420, according to details obtained from Blockchair.
🚨 🚨 200,000,000 #DOGE (45,746,453 USD) transferred from #Robinhood to unknown wallet
— Whale Alert (@whale_alert) November 10, 2024
This week, well-known cryptocurrency analyst Ali Martinez posted on X platform, indicating that Dogecoin (DOGE), the original meme crypto, was consolidating in a descending triangle pattern on lower time frames. He suggested that once DOGE surpassed the $0.198 resistance level, it might exhibit an approximately 10% increase, potentially reaching $0.220.
Additionally, he noted that if DOGE consistently stays above $0.20, it might trigger a spectacular upward trend or surge.
In the past day, Dogecoin experienced a significant surge by approximately 13.28%, peaking at around $0.23200. Currently, its value is being traded just below that, at roughly $0.22955.
1.6 trillion SHIB transfer sent to Coinbase
3 days ago, Whale Alert identified 3 successive transactions of a well-known meme token, Shiba Inu, moving to the top U.S. crypto exchange, Coinbase. Previously, it was Dogecoin that was being transferred.
Interestingly, this single transaction involved a transfer of approximately 558 billion SHIB, accumulating to around 1.6 trillion SHIB with a total value of about $31.23 million in traditional currency.
🚨 558,613,706,983 #SHIB (10,419,449 USD) transferred from unknown wallet to #Coinbase
— Whale Alert (@whale_alert) November 8, 2024
A mysterious whale has been involved in all three recent transactions, as reported by Whale Alert. In the past 24 hours, the second largest meme cryptocurrency SHIB experienced a significant surge of nearly 21%, reaching a high of $0.00002309 from its previous level of $0.00001909. After a brief rebound, SHIB is currently trading at approximately $0.00002262 per coin.
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2024-11-10 12:21