Picture this, dear reader: a blockchain sleuth, known by the rather aquatic moniker “Whale Alert,” has been busily monitoring the comings and goings of cryptocurrency transfers. This intrepid detective, armed with nothing but a website and an X account, has stumbled upon a tale of such staggering proportions that it would make even the most hardened crypto enthusiast raise an eyebrow. Over the past three hours, a veritable mountain of DOGE meme coins has changed hands, and not in a quiet, under-the-radar sort of way. Oh no, this was the kind of transaction that makes you wonder if someone, somewhere, has been feeding their dog too many treats.
Two colossal transactions, involving anonymous wallets and the ever-present Binance, the world’s largest crypto exchange, have sent shockwaves through the community. And all this occurred amidst what can only be described as a multi-billion-dollar crypto bloodbath. One might say the market was having a bit of a “ruff” day. 🐶
1.2 billion DOGE transfer stuns community
Whale Alert, our trusty blockchain bloodhound, revealed two transfers that shoveled a jaw-dropping 1.2 billion Dogecoin. The largest of these, a whopping 800 million DOGE, was followed by a more modest (but still eye-watering) 200 million DOGE. The community, naturally, was left scratching their heads, pondering the nature and purpose of such a transfer. Was it a philanthropic gesture? A strategic move? Or perhaps just someone with a very, very large dog? 🐕
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 800,000,000 #DOGE (200,665,710 USD) transferred from unknown wallet to unknown wallet
— Whale Alert (@whale_alert) February 3, 2025
One X user, clearly a master of deduction, suggested that this might be related to Grayscale, which recently launched a Dogecoin Trust. This, of course, sent the meme coin’s community into a frenzy of delight. Meanwhile, the 200 million DOGE transaction was sent directly to Binance, likely with the intention of selling this particular batch of meme coins. One can only imagine the chaos that ensued. 🎢
🚨 🚨 200,000,000 #DOGE (49,942,237 USD) transferred from unknown wallet to #Binance
— Whale Alert (@whale_alert) February 3, 2025
But wait, there’s more! Whale Alert also detected two consecutive transfers to Coinbase, the largest US-based crypto trading platform. Each of these transfers carried 104,125,016 DOGE, equivalent to $32,601,617. It seems that someone, somewhere, was having a very busy Sunday. 📅
Dogecoin price crashes 25%
Meanwhile, the price of Dogecoin, the original meme cryptocurrency, took a nosedive of more than 25% since Sunday, dropping from $0.29787 to $0.22184. By now, it has rebounded slightly, adding 14.12% and changing hands at $0.25364. But let’s not sugarcoat it—this was a crash of epic proportions, the kind that makes you wonder if the market was having a mid-life crisis. 🚗💥
This DOGE price collapse occurred during a broader bloodbath in the cryptocurrency market over the weekend. The amount of liquidations in the past day has surpassed a mind-boggling $2.2 billion. Even Bitcoin, the king of cryptocurrencies, tanked by roughly 8.37%, dropping from $101,298 to $92,800. The cause of this sell-off? The US government imposed hefty tariffs on imports from Mexico, Canada, and China, unleashing what many are calling a trade war. One might say the market was feeling a bit “tariffed” off. 🛑
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2025-02-03 14:57