Dogecoin’s Price Surge and Whale Alert’s 65M DOGE Transactions to Coinbase

Whale Alert, a service monitoring substantial crypto transactions, revealed a movement of nearly 65 million Dogecoin to Coinbase, a major U.S.-based exchange, coinciding with a notable surge in DOGE’s value. The transactions consisted of 15 transfers from an unknown sender’s wallet to a Coinbase address, totaling 64,746,017 DOGE worth $6,127,419. Notably, the sender’s wallet is now empty, indicating a complete transfer of its meme coin contents for potential sale on the exchange.

Around two weeks ago, Dogecoin experienced increased transaction counts, surpassing one million and subsequently 1.5 million transfers. However, this metric has since decreased to approximately half a million DOGE transactions, as reported by Blockchair explorer.

The price of Dogecoin has seen significant volatility, rising by 35.7% between Nov. 28 and Dec. 6, reaching $0.1041, coinciding with DOGE’s birthday celebration. Following this peak, there was a subsequent 10.5% decline within a day, followed by a 5.5% increase in the last 24 hours, with DOGE currently trading at $0.0968.

Dogecoin’s co-founder, Billy Markus, recently acknowledged a bug in DOGE’s code—absence of a cap on total coin mining—that he and fellow co-founder Jackson Palmer chose not to fix. This bug’s existence, according to Markus, prevented DOGE from ceasing to exist long ago.


Disclaimer: Not Investment Advice

it’s crucial to understand that the information provided here is not to be construed as investment advice. The crypto market is dynamic and highly speculative, and decisions should be made based on thorough personal research and consideration of individual risk tolerance. Always consult with financial professionals and conduct your own due diligence before making any investment decisions. The intention of this exploration is to present insights and trends, not to provide specific investment recommendations.

Follow Us

Top Selling Multipurpose WP Theme


Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!


Crypto feed news

Our team of crypto enthusiasts and market mavens is on a mission to deliver the latest, juiciest, and most insightful updates from the ever-evolving world of cryptocurrencies.

@CryptoFeedNews 2023 All Right Reserved. Designed and Developed by TheDevThingz

Skip to content