Crypto Whale Alert: $1.2 billion Dogecoin moved from top wallets to unknown wallet addresses on the network
Puppy News reports:Dogecoin (Doge), Elon Musk's favorite emoji coin, hasn't changed much in the past seven times, suggesting that Doge watchers are anxious about it. But since WhaleAlert reported on the market in a series of tweets, the main login password dolphin seems unaffected by the recent drop in prices.
Dolphins move 12 million dogs
According to data provided by WhaleAlert, an important organization that tracks the sale of large and medium-sized login passwords, 12 million Doge worth of $99241593 have been moved between "unknown" wallets in recent hours. After huge losses on the cryptocurrency in the past 24 hours, three consecutive transfers have been transferred to 400m Dogecoin.
According to CoinGape's price tracking data, at the time of writing, Doge's total market value has shrunk by more than 0.87% in the past 24 hours, and the current transaction price is about $0.08136. Meme coins wipe out all the recent price increases, down 13.11% over the past seven years. In addition, its 24-hour trading volume fell 47.66% to $392 million.
What's the next step for meme coins?
Dogecoin's latest decline has made traders wonder once again whether the dog currency is really out of the bear market. Although cryptocurrencies are still up more than 60% from their bottom in 2021, constant fluctuations make it difficult for them to remain proactive.
On the other hand, Dogecoin competitors, such as Akita, Baby Doge Coin, Bone and other divine coins, are on the rise year by year. In the past 24 hours or 60 hours, the puppy killer has beaten the market-leading emojis cryptocurrency.