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**300 Million Dogecoin (DOGE) on Edge as Black Monday Sell-Off May Be Real**
The recent surge in the price of Dogecoin (DOGE) has been marked by a significant influx of capital into the market. In fact, a whale has just sent an astonishing 300 million DOGE directly to Binance, sending shockwaves through the crypto community.
On first glance, this massive transaction might seem alarming, but we must take a step back and put things into perspective. According to Whale Alert, a tracker that monitors large transactions on cryptocurrency exchanges, it’s clear that this whale is no stranger to big deals. In fact, this recent transaction accounts for only 7% of its entire DOGE stash.
To be more specific, the whale in question has a staggering 4.29 billion DOGE worth approximately $606.75 million USD. This means that the transaction in question is merely a drop in the ocean compared to its overall holdings.
So, while it’s understandable that some may panic at this sudden influx of capital into Binance, it’s crucial not to jump to conclusions without considering the bigger picture.
In essence, there seems no reason to panic based on these facts alone.
Source: https://u.today/300-million-dogecoin-doge-on-edge-as-black-monday-sell-off-may-be-real
