Whales sold over 500 million DOGE this week, which suggests that the market sentiment has changed, and the future of Dogecoin and its stability remains doubtful.
A total of 500 million DOGE coins were dumped by dogecoin whales in the last week, and this is a huge sell-off event, which is indicative of a change in the confidence of the market and the behaviour of investors.
On-chain information provided by a financial analyst, Ali Martinez, on X, based on Santiment metrics, shows wallets in the 10 million-100 million DOGE range reducing their balance sharply in late October.
Source – X
Whale Sell-Off Drives Market Concerns
The consistent decline in DOGE held by whales is consistent with stagnant price movement in the range of $0.206 that occurred after weeks of…more
Source www.livebitcoinnews.com
Terms of use and third-party services. More here.