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According to Whale alertThere were two slices of DOGECOIN (DOGE) worth 104,125,016 DOGE or 32.6 million dollars each. The two were sent from unknown wallets directly in Coinbase, the main exchange of American cryptography. What attracts the eye is that the two are identical.
What is different are the portfolios of the sender. These are “DGVGXT” and “Dekmb”, and the two have made transfers to “Dmanxe4” of Coinbase.
In the common perception of cryptography market players, these transfers are considered to be the intention of a large investor to sell. Thus, when a whale deposits a large sum on an exchange, in particular a JammingIt is to sell its conservation on the most liquid platform.
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That this is the case this time is unknown, but the fact is that the two portfolios belong to an entity, otherwise such a coincidence is impossible. Perhaps these portfolios belong to Coinbase itself, so that the whole transfer saga is perhaps nothing more than the internal operations of the exchange.
Meanwhile, the price of Mastiff continues to comply with the wider market. Since the start of the week, Doge has lost more than 12.5%, making a total loss from the summits of the year, and we are only a full month until 2025, worth more than 31%.
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Currently, DOGE is negotiated at $ 0.29, which has been the lowest since mid-December. The question of whether the price of the main piece will find support is an open question. But if recent transfers are indeed whale deposit tokens for sale on Coinbase and capitulating in the process, this could be a very lower signal for Dogecoin.