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In the past 24 hours, a major cryptocurrency whale transferred an enormous 200 million Dogecoin (DOGE) from Robinhood to an unknown wallet, as flagged by blockchain tracker Whale Alert. This transaction, worth over $45.7 million, has ignited conversations across the crypto community, especially on the X platform.
It’s clear meme coins are in the spotlight, with DOGE and SHIB seeing major whale activity and price increases. Could this signal a new bullish phase for meme coins, or is this just whale activity shaking things up? Let’s discuss!
Huge DOGE Transfer: An anonymous whale moved 200,000,000 DOGE from Robinhood to a wallet currently holding 30.2 billion DOGE, valued at nearly $6.9 billion. The transfer was noted by Whale Alert and immediately sparked curiosity and speculation.
- DOGE Price Surge: Following this significant transfer, Dogecoin's price surged by 13.28%, pushing its value up to $0.2320 before slightly retracting to $0.22955.
- Analyst Insight: Crypto analyst Ali Martinez observed DOGE’s consolidation within a descending triangle pattern. He mentioned that breaking above the $0.198 resistance level could drive DOGE to $0.220, with potential for a parabolic rise if it sustains above $0.20.
Additional Meme Coin Activity
The weekend also saw massive Shiba Inu (SHIB) transfers. Whale Alert tracked three consecutive transactions, each carrying over 558 billion SHIB tokens to Coinbase, totaling around 1.6 trillion SHIB ($31.23 million). This movement coincided with SHIB’s price surging by 21%, currently trading at $0.00002262.It’s clear meme coins are in the spotlight, with DOGE and SHIB seeing major whale activity and price increases. Could this signal a new bullish phase for meme coins, or is this just whale activity shaking things up? Let’s discuss!
