Dogecoin’s [DOGE] price has declined by more than 4% in the past 24 hours, despite a shift in the behavior of participants.
Following its recent corporate restructuring, the memecoin saw immediate aggressive buying activity. How will this move affect the price action of Dogecoin going forward?
$83M DOGE leaves Bithumb: Accumulation in progress?
As per Whale Alert, well over 900 million DOGE tokens, valued at about $85 million at the time of writing, were withdrawn from the Bithumb exchange. Before this withdrawal, the addresses received DOGE tokens in bits of 50 million.
Subsequently, they withdraw the tokens in three transactions, each constituting 300 million DOGE valued at around $27.69 million. All this happened in less than 30 minutes, indicating it was a structured…
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Source ambcrypto.com
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