{"id":533481,"date":"2023-05-17T17:30:46","date_gmt":"2023-05-17T17:30:46","guid":{"rendered":"https:\/\/ktsl888.com\/?p=533481"},"modified":"2023-05-17T13:36:29","modified_gmt":"2023-05-17T13:36:29","slug":"dogecoin-shiba-inu-whales-move-massive-dumping","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/dogecoin\/dogecoin-shiba-inu-whales-move-massive-dumping\/","title":{"rendered":"Dogecoin, Shiba Inu Whales Move Massive Amounts, Dumping Going On?"},"content":{"rendered":"

Data shows the Dogecoin and Shiba Inu whales have moved around massive of coins amounts today, a sign that dumping may be going on.<\/p>\n

Dogecoin And Shiba Inu Whales Have Transferred Huge Amounts<\/h2>\n

According to data from the cryptocurrency transaction tracker service Whale Alert<\/a>, several large SHIB and DOGE transactions have occurred during the last 24 hours.<\/p>\n

The first transfers that took place were those involving Dogecoin. In total, there were five such massive transactions, and interestingly, all of them saw the movement of the same amount of tokens: 680,000,000 DOGE.<\/p>\n

As this amount is quite large (the exact USD cost differs between the transactions, but it was still similar nonetheless; the transfers were worth just under $49 million each), it seems reasonable to assume that some sort of whale<\/a> entities were behind the moves.<\/p>\n

Considering that the transfers all involved the same amount of DOGE and the fact that they all took place within a span of just 20 mins, a logical possibility arises: the transactions were made by the same whale investor.<\/p>\n

The full details of the Dogecoin transactions also confirm this; the sending and receiving addresses match up between the five transactions. This means that this single whale moved around $244.7 million worth of DOGE in such a short span of time.<\/p>\n

Related Reading: PEPE Unlikely To Be As Big As DOGE & SHIB, Says Santiment<\/a><\/div>\n

What did this humongous holder intend to do with this transfer? Well, below are the details regarding the first of these transactions, which may help shed some light on the context surrounding these transfers.<\/p>\n

\"Dogecoin<\/p>\n

This massive transaction seems to have only taken a fee of 2.4960 DOGE to go through | Source: Whale Alert<\/a><\/pre>\n

As you can see above, the sending address here was an unknown wallet, meaning that it was unattached to any known centralized platform. Such addresses are generally investors’ personal wallets.<\/p>\n

The receiver, too, was an unknown address in this case. Generally, if investors want to sell, they deposit their coins to platforms like exchanges<\/a>. In this case, however, the whale hasn’t done so, so it’s hard to say what the exact purpose behind the transactions may have been.<\/p>\n

It’s possible that they were simply done with the intent of moving to a fresh wallet, but it’s also possible that they were made to sell through over-the-counter (OTC) deals. Naturally, if the latter case is true, the price would feel a bearish effect.<\/p>\n

Interestingly, the Shiba Inu<\/a> whale transactions from the past day have a similar story; they also seem to have been made by a single investor. In total, the holder moved 20,000,000,000,000 SHIB (about $174.4 million) across four transactions between unknown wallets.<\/p>\n

\"Shiba<\/p>\n

Looks like this transfer on the Ethereum blockchain cost around $4 | Source: Whale Alert<\/a><\/pre>\n

These Shiba Inu transactions also occurred right after the Dogecoin transfers were finished. It’s uncertain currently, but the similar pattern and the close timing may suggest that these transactions involving the two largest meme coins in the sector may have been linked.<\/p>\n

Related Reading: This Bitcoin Metric Is At A Crucial Junction, Will Bulls Find Victory?<\/a><\/div>\n

The assets have been struggling recently so it’s possible that these whales have given up on them and have decided to sell. Naturally, if these transfers really have been made for dumping purposes, the prices of the meme coins may see a further decline.<\/p>\n

DOGE Price<\/h2>\n

At the time of writing, Dogecoin is trading around $0.0729, up 1% in the last week.<\/p>\n

\"Dogecoin<\/p>\n

DOGE has been moving sideways recently | Source: DOGEUSD on TradingView<\/a><\/pre>\n
Featured image from iStock.com, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Data shows the Dogecoin and Shiba Inu whales have moved around massive of coins amounts today, a sign that dumping may be going on. Dogecoin And Shiba Inu Whales Have Transferred Huge Amounts According to data from the cryptocurrency transaction tracker service Whale Alert, several large SHIB and DOGE transactions have occurred during the last 24 hours. The first transfers that took place were those involving Dogecoin. In total, there were five such massive transactions, and interestingly, all of them saw the movement of the same amount of tokens: 680,000,000 DOGE. As this amount is quite large (the exact USD cost differs between the transactions, but it was still similar nonetheless; the transfers were worth just under $49 million each), it seems reasonable to assume that some sort of whale entities were behind the moves. Considering that the transfers all involved the same amount of DOGE and the fact that they all took place within a span of just 20 mins, a logical possibility arises: the transactions were made by the same whale investor. The full details of the Dogecoin transactions also confirm this; the sending and receiving addresses match up between the five transactions. This means that this single whale moved around $244.7 million worth of DOGE in such a short span of time. Related Reading: PEPE Unlikely To Be As Big As DOGE & SHIB, Says Santiment What did this humongous holder intend to do with this transfer? Well, below are the details regarding the first of these transactions, which may help shed some light on the context surrounding these transfers. This massive transaction seems to have only taken a fee of 2.4960 DOGE to go through | Source: Whale Alert As you can see above, the sending address here was an unknown wallet, meaning that it was unattached to any known centralized platform. Such addresses are generally investors’ personal wallets. The receiver, too, was an unknown address in this case. Generally, if investors want to sell, they deposit their coins to platforms like exchanges. In this case, however, the whale hasn’t done so, so it’s hard to say what the exact purpose behind the transactions may have been. It’s possible that they were simply done with the intent of moving to a fresh wallet, but it’s also possible that they were made to sell through over-the-counter (OTC) deals. Naturally, if the latter case is true, the price would feel a bearish effect. Interestingly, the Shiba Inu whale transactions from the past day have a similar story; they also seem to have been made by a single investor. In total, the holder moved 20,000,000,000,000 SHIB (about $174.4 million) across four transactions between unknown wallets. Looks like this transfer on the Ethereum blockchain cost around $4 | Source: Whale Alert These Shiba Inu transactions also occurred right after the Dogecoin transfers were finished. It’s uncertain currently, but the similar pattern and the close timing may suggest that these transactions involving the two largest meme coins in the sector may have been linked. Related Reading: This Bitcoin Metric Is At A Crucial Junction, Will Bulls Find Victory? The assets have been struggling recently so it’s possible that these whales have given up on them and have decided to sell. Naturally, if these transfers really have been made for dumping purposes, the prices of the meme coins may see a further decline. DOGE Price At the time of writing, Dogecoin is trading around $0.0729, up 1% in the last week. DOGE has been moving sideways recently | Source: DOGEUSD on TradingView Featured image from iStock.com, chart from TradingView.com<\/p>\n","protected":false},"author":542,"featured_media":533549,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83685],"tags":[1785,7,86960,79599,83668,83667,86781,84562],"class_list":["post-533481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-doge","tag-dogecoin","tag-dogecoin-whales","tag-dogeusd","tag-shib","tag-shiba-inu","tag-shiba-inu-whales","tag-shibusd"],"acf":[],"yoast_head":"\nDogecoin, Shiba Inu Whales Move Massive Amounts, Dumping Going On?<\/title>\n<meta name=\"description\" content=\"Data shows the Dogecoin and Shiba Inu whales have moved around massive of coins amounts today, a sign that dumping may be going on. 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Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. 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