Dogecoin: 151 million DOGE just left Binance in recent hours, what's happening? DogeFam $DOGE DogecoinTotheMoon Dogecoinrise
Other Dogecoin transfers captured by DogeWhaleAlert include that of 12,999,996 DOGE worth $1,046,786 moved from a Binance wallet to an unknown wallet.
DogeWhaleAlert also reported five transactions of 5,000,000 DOGE worth $400,290 shuffled between Binance wallets.As reported, Dogecoin debunked the claim that private investors, or so-called"whales," own particular wallets that hold a large percentage of its supply. In actuality, it clarifies that many of the most popular Dogecoin wallets are cold wallets or hot wallets managed by exchanges and brokers, and as a result, they represent Dogecoin that is being held in custody by thousands of individuals.After six consecutive days of increases, Dogecoin fell to bears' activity as traders booked profits. The dog-themed cryptocurrency plunged to a low of $0.076 on April 21, following three straight days of losses in the crypto market.
Following that, Dogecoin began to recover and, at the time of writing, was up 1.6% in the last 24 hours at $0.08. On the upside, a near-term intermediate barrier for Dogecoin remains at $0.082, which coincides with the daily MA 200. Meanwhile, Dogecoin needs to hold above the daily MA 50 support at $0.079 to trend higher.
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