• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Ripple CTO Steps Down, Accepts New Offer – What You Need To Know
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Ripple CTO Steps Down, Accepts New Offer – What You Need To Know
Dogecoin Whales

Dogecoin Whales Are Active: Are They Buying Or Selling?

Keshav Verma
by Keshav Verma
10 months ago
·
Posted in Dogecoin
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

On-chain data shows the Dogecoin whales have made a few large transactions during the last 24 hours. Here’s what they have been up to.

Dogecoin Whales Have Been Making Transfers To & From Exchanges

According to data from the cryptocurrency transactions tracker service Whale Alert, several large transfers have been spotted on the Dogecoin blockchain during the past day.

All of these moves are of a scale generally associated with the whales, entities that carry humongous balances on the network. Generally, the influence of any investor in the market goes up the more holdings they carry, so the members of this group can hold some power owing to their large size.

Related Reading: Bitcoin Breaks $82,000: Who Is Driving The Market?

As such, the transactions being made by the whales can be worth keeping an eye on, as even if they may not end up directly impacting the market, they can still be revealing the sentiment among this cohort.

How exactly a whale transfer might implicate the asset comes down to what the investor intended to do with the move. It’s usually quite hard to say anything about that with any certainty, but sometimes, addressing details can provide a hint or two.

Out of the six transfers the whales have made on the Dogecoin network in the last 24 hours, one occurred between two unknown wallets. Such addresses aren’t affiliated with any known centralized platform and will likely be investors’ self-custodial wallets.

Because of this, transfers between such wallets are impossible to comment on, as they have nothing identifiable about them, given the anonymous nature of the blockchain.

The other five transfers, however, have some uniqueness attached to them: they all have one side of the move: a wallet connected to an exchange. Here are the details related to the latest of the DOGE transactions:

Dogecoin Whale Inflow

The details of the latest DOGE exchange inflow | Source: Whale Alert

As is visible above, the whale moved around $72.5 million worth of Dogecoin from an unknown address to a Coinbase wallet with this transaction. Transfers that flow in this direction are known as exchange inflows.

Two other transactions were exchange inflows, one to Binance ($14.6 million) and the other to Robinhood ($14.2 million). Thus, the whales have moved a combined $101.3 million to exchanges.

Generally, investors shift coins to the custody of these central entities whenever they want to use one of the services they provide, which can include selling.

The remaining two exchange transactions were of the opposite type; they were exchange outflows. In the first of these, Robinhood saw a withdrawal of $30.1 million, while in the other, Binance released $56.4 million worth of Dogecoin.

Holders take their coins off into self-custody when they plan to hold into the long term so that exchange outflows can be bullish for the price. DOGE whales have deposited $101.3 million to exchanges in the past day, which can be bearish, but they have also taken out $86.5 million worth of coins simultaneously.

Related Reading: Bitcoin Open Interest To Cap Ratio Hits 2-Year High, Cooldown Imminent?

Therefore, the bearish effect on Dogecoin arising out of the selling, if any, may at least partially be mitigated by the exchange outflows.

DOGE Price

When writing, Dogecoin is trading around $0.29, up more than 21% over the last 24 hours.

Dogecoin Price Chart

Looks like the price of the asset has rocketed up over the last couple of days | Source: DOGEUSDT on TradingView
Featured image from Dall-E, whale-alert.io, chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Keshav Verma

Keshav Verma

Follow

Keshav is a Physics graduate who has been employed as a writer with Bitcoinist since June 2021. He is passionate about writing and through the years, he has gained experience working in a variety of niches. Keshav holds an active interest in the cryptocurrency market, with on-chain analysis being an area he particularly likes to research and write about.

Full Profile

Related Posts

Dogecoin price

What To Expect From The Dogecoin Price In October After A Green Monthly Close

1 day ago
Dogecoin

Can Meme Coins Like Dogecoin And Shiba Inu Still Rally? What To Expect

4 days ago
D​​ogecoin

D​​ogecoin And XRP ETFs Are Almost Here With New SEC Move – Here’s The Next Important Date

4 days ago
DOGE ETF crypto hype: kan Dogecoin 1 euro worden

Dogecoin ETF Scores DTCC Website Listing, Only More More Step Before It Starts Trading

6 days ago
Dogecoin news

Dogecoin Price at $0.24 Faces Pressure as 21Shares DOGE ETF Lists on DTCC

1 week ago
Dogecoin

Analyst Calls Out Fourth Dogecoin Price Rally To Result In 520% Gains

1 week ago

Premium Sponsors

Press Releases

  • най-добрите криптовалути

    Най-добрите криптовалути за...

    5 hours ago
  • As the Tapzi Fundraiser Continues to Generate Buzz, Could It Be One of This Year’s Best Crypto Presales?

    As the Tapzi Fundraiser Continues to Generate Buzz, Could...

    7 hours ago
  • 距離上線僅剩3周:Snorter代幣ICO融資突破 415...

    1 day ago
  • 上線倒計時:僅剩25天可搶購 Snorter Bot 代幣

    5 days ago
  • 加密錢包掀起發幣熱潮 Best Wallet...

    1 week ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.