Markets· ★★· bearish·

Whale Moves 300 Million DOGE to Binance Worth $24.1 Million

  • —300 million DOGE moved to Binance in a single transaction worth about $24.1 million
  • —DOGE was trading near $0.0803 at the time of the transfer
  • —The transfer coincided with the ongoing October crypto market downturn
  • —Tokens sent to an exchange increase the DOGE supply available for sale
Why it matters: A larger DOGE supply on Binance could add selling pressure if the whale decides to offload tokens.
#DOGE
Source: U.Today
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