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Title: 100,000,000 Dogecoin (DOGE) Hits World’s Largest Crypto Exchange
The price of Dogecoin (DOGE) has been on a wild ride lately. After plummeting to a low of $0.27, it seems like the tide may be turning for DOGE holders. In a recent development that is likely to send shockwaves throughout the crypto community, an astonishing 100 million units of DOGE have just hit the world’s largest crypto exchange.
This unprecedented influx of liquidity has sparked a flurry of speculation among traders and investors alike. While some are quick to cry “death knell” for DOGE, others see this as a sign that the project is finally gaining traction and legitimacy in the eyes of mainstream investors.
We can’t help but wonder: what does this mean for DOGE’s future? Are we seeing a temporary blip on the radar or is this the start of something more significant?
In any case, the sheer scale of this event has sent DOGE’s price into a spin. After initially dropping below $0.30 for the first time since November 2024, it then dropped an additional 0.8%. The psychology of numbers plays a crucial role here, as round ones matter.
When prices hover around key levels, traders get nervous and make big decisions – sometimes pushing prices even more. And that’s exactly where DOGE finds itself now: right on the cusp of a major turning point.
As the dust settles, it remains to be seen how this will play out in the long term.
Source: u.today
