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DOGE Whale’s $145 Million Bet on Dogecoin, What’s Next?
In a shocking turn of events, the cryptocurrency market has witnessed a massive influx of capital inflow into Dogecoin (DOGE). According to blockchain-based transaction tracker Whale Alert, a whale investor has placed a bet worth an astonishing $144.97 million on Dogecoin. The transfer of 400 million DOGE tokens from Binance to an unknown wallet signals the start of a new era for the meme coin.
As of now, it seems unlikely that this massive bet will go unnoticed by the market. Given the whale’s enormous investment, it is possible that institutional investors may be eyeing DOGE as a potential opportunity. This significant move could result in a surge in buying pressure from these larger entities, which may lead to an upward trajectory for the cryptocurrency.
The market sentiment has undoubtedly shifted following this colossal purchase by a major investor. The sudden price rally and the whale’s monumental bet can be seen as signs of a strong recovery in DOGE’s value.
Source: coinpedia.org
