Mysterious Dogecoin Wallet Transfers $5M Worth Of DOGE To Coinbase
Portfolio Pulse from Mehab Qureshi
An unknown wallet transferred 67.81 million Dogecoin (CRYPTO: DOGE) worth over $5 million to the cryptocurrency exchange, Coinbase. The intentions behind this transfer are unknown, but it raises the possibility of a whale dump, which could lead to market fluctuations. This development occurs amidst a legal battle between Elon Musk, the CEO of Tesla, and a group of disgruntled Dogecoin investors.
August 10, 2023 | 5:26 am
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A large transfer of Dogecoin to Coinbase could potentially lead to a whale dump, causing market fluctuations. This event is happening amidst a legal battle involving Elon Musk, a known supporter of Dogecoin, which could further impact the price.
A whale dump, where a large holder sells a substantial amount of a cryptocurrency, often leads to market fluctuations. This, coupled with the ongoing legal battle involving Elon Musk, a known supporter of Dogecoin, could potentially impact the price of DOGE negatively in the short term.
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