Cryptocurrency watchers are abuzz as Whale Alert, a top blockchain tracker, uncovers major moves involving two big meme coins, DOGE and SHIB. These massive transfers, worth millions, are shaking things up in the meme coin world and sparking questions about why these huge transactions are happening.
DOGE Drama Whale Alert recently tweeted about a hefty transfer: 134.8 million DOGE tokens, worth $27,658,034, shifted from Robinhood to an unknown wallet. This big shift in DOGE coins shows how fast things can change in the crypto market, where big investors actively shape what happens.
The whale behind this DOGE transfer now holds a jaw-dropping 2,134,264,889 DOGE, valued at $404,955,420. This huge stash of DOGE raises questions about what major players in the crypto world are up to.
Despite this big move, Dogecoin is trading at $0.18, down by 13.75% in the past 24 hours. But trading volume has shot up to $3.7 billion, showing an 11.44% increase in activity.
Also Read: Memecoin Bloodbath Continues! Dogecoin To Retest It’s Low Of $0.15?
Massive SHIB Transfer But DOGE isn’t the only coin making waves. Another eye-catching transfer involves a whopping 461,631,206,896 SHIB tokens, worth $13,175,185, moving from Wintermute to an undisclosed wallet.
The identification of the receiving wallet as “Robinhood 2” by Etherscan adds an intriguing layer to the transaction, hinting at potential involvement from the popular trading platform. These large-scale transfers of meme coins highlight the active participation of whales and institutional players in shaping market trends.
Adding to the intrigue, the receiving wallet is labeled “Robinhood 2” by Etherscan, hinting at possible involvement from the popular trading platform. These big transfers of meme coins show how whales and big players are shaping the market.
Also Read: Shiba Inu Price Prediction: SHIB Price Poised For 300% Rally in Coming Days
As of now, the price of Shiba Inu stands at $0.000026, reflecting a decrease of 9.94% in the last 24 hours. The 24-hour trading volume for Shiba Inu is $990,086,335.
Was this writing helpful? No Yes
Mustafa Mulla Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
