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Dormant Whale Moves $2.95M in Dogecoin From Binance

Onchain Lens data reveals a Dogecoin whale active after nearly a year, withdrawing millions from Binance and cashing out a portion of older holdings.

DOGE

Summary

A Dogecoin whale, inactive for 11 months, withdrew 15.115 million DOGE worth $2.95 million from Binance, according to Onchain Lens. The whale also sold 7,473 DOGE from older holdings for $1,450. The wallet now holds about 15.19 million DOGE, valued at approximately $12.96 million.

Terms & Concepts
  • Whale: A term used in cryptocurrency markets to describe individuals or entities holding large amounts of a digital asset, whose trades can impact market prices.
  • DOGE (Dogecoin): A meme-inspired cryptocurrency originally created as a joke in 2013, now widely traded and used for payments and tipping online.
  • Onchain Data: Information recorded directly on a blockchain ledger that can be analyzed to track transactions, wallet activity, and asset movements.