On-chain data shows the Dogecoin whales have made some big moves in the past day, a sign that could be worrying for the asset’s price. Dogecoin Whales Have Made Many Moves During The Last 24 Hours According to data from the cryptocurrency transaction tracker Whale Alert, a few large DOGE moves have been spotted on the blockchain during the past 24 hours. All four of these transfers are on the scale of millions in USD, suggesting that whale entities may have been behind them. The whales refer to the largest investors in the sector, who can hold some influence due to the size of their holdings. Related Reading: Santiment Breaks Down “Most Trending” Altcoins Of Past Week Because of this reason, transfers from this cohort can be something to keep an eye on. How a whale moves could affect the market depends on what the whale intends to achieve with it. Generally, it’s hard to say with certainty about such a motive, but depending on the types of wallets involved and the direction of the coins’ f ..
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