312 Million Dogecoin Moved To Coinbase – What’s Going On?
Summary
Dogecoin has fallen below the $0.2 mark after breaking the $0.22 support level, leading to significant selloffs. A notable event involved the transfer of 312,375,048 DOGE, valued over $60 million, to Coinbase from three wallets, suggesting a single entity may control them. These wallets had been inactive since their creation in 2021, raising concerns about a potential selloff if the owner decides to liquidate. However, there is also a possibility that the transfers are internal to Coinbase, indicating no bearish intent. Dogecoin's price is currently at $0.188, reflecting a 0.35% decline in the last 24 hours and a 14% drop over the past week.
