Two huge transactions involving Dogecoin (DOGE-USD), totaling 816 million DOGE (around $259 million), sparked a wave of speculation. Whale Alert spotted the massive movements, with a single transfer carrying 466 million DOGE valued at $149 million. According to Whale Alert, these transfers could indicate a sell-off or simply a strategic repositioning by large holders.
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Could a massive sell-off be on the horizon??
Dogecoin prices fell 3.5% immediately after these transactions, but recovered slightly. At the time of writing, DOGE stands at $0.3209. The key question remains: Are big investors preparing for a price crash or positioning themselves for something bigger? Analysts are tracking key resistance and support levels, with DOGE facing challenges around $0.3245, according to technical analysis.
