A 100 million jaws DOGECOIN (DOGE)worth around 25.4 million dollars, has just landed on the world’s largest exchange binance. Not the usual model – lately, most of the large transactions have been withdrawals. But that? This is a deposit. Data from Whale alert Confirms it, and now all those who have seen it wonders: what is the room here?
Usually, when a ton of crypto moves to an exchange, it means that someone big seeks to sell. The opposite – withdraw the crypto from an exchange – tends to mean that they hang.
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So what’s going on now? Is a depoter incoming? Or is it just a few whale change funds?
Doge Price is affected
The timing is not great. The beloved cryptocurrency has been feeling the heat in recent times, falling below $ 0.30 for the first time since November 2024. Then, just after this massive transfer, it slipped another 0.8%.
Just bad luck? Maybe. But movements like this tend to make things happen – especially since more than 48,000 people have seen Whale Alert’s report.
The psychology of numbers plays a role here, because the rounds count. When prices oscillate around the key levels, traders become nervous. This is where DOGE is now – on this line where people are starting to make major decisions, sometimes pushing prices even more.
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So what now? Is it a sign that Doge is about to fall stronger, or is it just an out-of-context transfer? It’s hard to say. Some will see this as a warning, while others will see it as a chance to buy the decline. Anyway, conjecture around Mastiff I became much more interesting.