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Deep-pocketed cryptocurrency investors have been moving massive amounts of Dogecoin (DOGE) as the memecoin bounces back from its lowest point this month. Whale Alert, a blockchain-tracking platform, detected several significant Dogecoin transactions, totaling 776,351,068 DOGE with a value of $48.47 million. Notably, a crypto whale transferred 308,390,532 DOGE ($19.22 million) from Binance to an undisclosed wallet, incurring almost no cost. Another whale moved 253,419,377 DOGE ($16.05 million) from Robinhood to an unknown wallet with a processing fee of only $0.28. Other large transfers were also observed. This surge in major Dogecoin movements coincides with the coin’s attempt to regain its value after a challenging week. DOGE is currently trading at $0.064. This news comes from BitcoinWorld, a leading media publication in the blockchain and crypto space.
AI Sentiment: Positive
