Dogecoin Whale Makes $84M Coinbase Deposit, Bearish Sign? | Bitcoin

On-chain data shows a Dogecoin whale has just transferred a large amount of DOGE to Coinbase, something that could be bearish for the price.

Dogecoin Whale Has Made A Large Exchange Inflow Today

According to data from the cryptocurrency transaction tracker service Whale Alert, a couple of large transactions have occurred on the DOGE network during the past day.

Both of these transfers are of a scale that’s generally attributed to the whale entities. The whales are the investors who hold massive amounts of the asset in their addresses and as such, carry a notable degree of influence in the market.

Because of their key position on the network, the moves of these humongous investors can be worth following, for even if they may not directly influence the memecoin’s value, they can still tell us about the sentiment among these titans.

A lot of the time, though, it’s hard…more

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