Notable blockchain monitoring service Whale Alert has identified a massive Dogecoin transfer that ended up on the globe’s leading cryptocurrency exchange, Binance.
A large transaction valued over $27 million, originating from a secretive source with an unidentified blockchain address, involved approximately 70.08 million Dogecoins.
Based on information from the Blockchair explorer, it appears that the sending wallet is quite new, as it has only been involved in a handful of transactions so far. On January 6th, this wallet received approximately 70 million Dogecoin (DOGE), which it transferred to Binance today.
Sell signal on DOGE chart spotted by analyst
Known on the X social media platform as @ali_charts, crypto expert Ali Martinez recently shared a post offering some technical insights regarding Dogecoin, the pioneering meme-based cryptocurrency.
According to the TD Sequential indicator, which helps forecast market price adjustments and reversals, a sell signal has been triggered on Dogecoin’s (DOGE) daily chart. This suggests that an analyst expects a potential drop in DOGE prices.
On the Dogecoin ($DOGE) daily chart, the TD Sequential indicator is showing a potential sell signal, suggesting that a price adjustment may occur.
— Ali (@ali_charts) January 7, 2025
Dogecoin, which had increased by over 16% since last Friday and peaked at $0.39644, has experienced a decrease of approximately 2.51% today. Currently, the well-known meme cryptocurrency is being traded at around $0.38,680 per coin.
Dogecoin co-founder reacts to Bitcoin regaining $100,000
On January 6th, the world’s top cryptocurrency, Bitcoin, surged by 3.75%, reclaiming the $100,000 mark and peaking at $102,500. This significant rise was driven in part by MicroStrategy, a company led by BTC advocate Michael Saylor, who announced a massive Bitcoin acquisition of 1,070 Bitcoins, spending approximately $101 million on this particular batch.
As a crypto investor, I couldn’t help but chuckle at the recent bullish news about Bitcoin, which has been playfully referred to as the work of Shibetoshi Nakamoto – a pseudonym used by Dogecoin creator Billy Markus on social media. In true joking fashion, he marked the significant milestone of Bitcoin’s price surpassing $100,000 with memes and wit. Just earlier in December, Bitcoin reached an all-time high above $108,000, but it had been trading below the $100,000 mark since then. Yesterday’s price surge has partially made up for those losses, bringing some relief to crypto enthusiasts like myself.
— Shibetoshi Nakamoto (@BillyM2k) January 6, 2025
Markus frequently discloses that he owns some Bitcoin (approximately 0.006 units), but he doesn’t pin his dreams of wealth on it becoming a millionaire-maker. Across multiple tweets, he often conveys a cautious stance toward cryptocurrency as an investment, suggesting that its price fluctuations are unpredictable and not a sound basis for quitting one’s job to gamble on crypto.
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2025-01-07 18:53