{"id":642742,"date":"2024-09-18T10:30:16","date_gmt":"2024-09-18T10:30:16","guid":{"rendered":"https:\/\/ktsl888.com\/?p=642742"},"modified":"2024-09-18T04:53:37","modified_gmt":"2024-09-18T04:53:37","slug":"dogecoin-whales-recovery-0-1","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/dogecoin\/dogecoin-whales-recovery-0-1\/","title":{"rendered":"Here\u2019s What Dogecoin Whales Are Doing Following The Recovery Above $0.1"},"content":{"rendered":"

The Dogecoin price recover came as a welcome sight to investors after the meme coin struggled around $0.09 for a while. Naturally, the move in the price has prompted movement among Dogecoin investors<\/a> and the whales are not left out of this. As the price rebounds, these whales have increased their activity<\/a>, moving billions of DOGE to and from their wallets. However, the net flow of these whale wallets paint a bearish story for the DOGE price.<\/p>\n

Dogecoin Whales Move Over $500 Million<\/h2>\n

The large whale transactions tracked<\/a> by the IntoTheBlock platform are transactions carrying $100,000 or more. These large transactions, although seeing a drawdown from the previous week\u2019s figures, have maintained a reasonably high level. Over the last two days, the average number of whale transactions have come out to 800, showing that interest from the whales remain high.<\/p>\n

Related Reading: Cardano (ADA) Enters Stage 3 That Will Trigger 4,500% Rally To $15<\/a><\/div>\n

While the whale transaction numbers actually saw a decrease between Sunday and Monday, going from 899 transactions to 818 transactions, the number of DOGE<\/a> moved tell a different story. IntoTheBlock\u2019s data shows that 5.19 billion DOGE were moved on Monday compared to 4.59 billion DOGE on Sunday.<\/p>\n

\"Dogecoin
Source: IntoTheBlock<\/figcaption><\/figure>\n

In dollar terms, this translates to $522.89 million compared to $499.99 million. Nevertheless, these numbers show an average of $500 million being moved by these whales everyday. As the Dogecoin price continues to recover,<\/a> the whale transactions<\/a> could balloon from here as investors move to secure their positions.<\/p>\n

Where Are The Coins Headed?<\/h2>\n

The net flow data for the large whale wallets can tell us where the whales are moving their DOGE coins<\/a>. This data tracks the inflow and outflows from the Dogecoin whale wallets, meaning how much is entering the wallets and how many coins are leaving. As a result, it can show if these whales are buying or selling at this time.<\/p>\n

According to the IntoTheBlock data<\/a>, the inflows into the wallets have declined, while the outflows from these large wallets have risen over the last few days. Inflows dropped from 37.4 million DOGE on Sunday to only 115.11 million DOGE on Monday. This shows that the Dogecoin whales have not been buying as much DOGE during this time.<\/p>\n

Related Reading: Analyst Identifies $0.75 As Most Crucial Target For XRP Price In The Campaign For $1<\/a><\/div>\n

In the same vein, outflows also surged from 18.37 million DOGE on Sunday to 107.71 million DOGE on Monday. This outflow trend suggests that Dogecoin whales are selling rather than buying<\/a>. It explains the selling pressure on the coin over the last few days, making it hard to reclaim $0.1. However, net flow data, which shows the average of inflows and outflows, has remained almost flat.<\/p>\n

\"Dogecoin
Source: IntoTheBlock<\/figcaption><\/figure>\n

Nevertheless, the majority of Dogecoin holders <\/a>look to be in it for the long term as 3.93 million addresses have held their DOGE coins for more than one year. 2.2 million addresses have been holding for between 1 and 12 months. This leaves only 113,660 addresses that have been holding for less than one month.<\/p>\n

\"Dogecoin
DOGE price above $0.1 | Source: DOGEUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

The Dogecoin price recover came as a welcome sight to investors after the meme coin struggled around $0.09 for a while. Naturally, the move in the price has prompted movement among Dogecoin investors and the whales are not left out of this. As the price rebounds, these whales have increased their activity, moving billions of DOGE to and from their wallets. However, the net flow of these whale wallets paint a bearish story for the DOGE price. Dogecoin Whales Move Over $500 Million The large whale transactions tracked by the IntoTheBlock platform are transactions carrying $100,000 or more. These large transactions, although seeing a drawdown from the previous week\u2019s figures, have maintained a reasonably high level. Over the last two days, the average number of whale transactions have come out to 800, showing that interest from the whales remain high. Related Reading: Cardano (ADA) Enters Stage 3 That Will Trigger 4,500% Rally To $15 While the whale transaction numbers actually saw a decrease between Sunday and Monday, going from 899 transactions to 818 transactions, the number of DOGE moved tell a different story. IntoTheBlock\u2019s data shows that 5.19 billion DOGE were moved on Monday compared to 4.59 billion DOGE on Sunday. In dollar terms, this translates to $522.89 million compared to $499.99 million. Nevertheless, these numbers show an average of $500 million being moved by these whales everyday. As the Dogecoin price continues to recover, the whale transactions could balloon from here as investors move to secure their positions. Where Are The Coins Headed? The net flow data for the large whale wallets can tell us where the whales are moving their DOGE coins. This data tracks the inflow and outflows from the Dogecoin whale wallets, meaning how much is entering the wallets and how many coins are leaving. As a result, it can show if these whales are buying or selling at this time. According to the IntoTheBlock data, the inflows into the wallets have declined, while the outflows from these large wallets have risen over the last few days. Inflows dropped from 37.4 million DOGE on Sunday to only 115.11 million DOGE on Monday. This shows that the Dogecoin whales have not been buying as much DOGE during this time. Related Reading: Analyst Identifies $0.75 As Most Crucial Target For XRP Price In The Campaign For $1 In the same vein, outflows also surged from 18.37 million DOGE on Sunday to 107.71 million DOGE on Monday. This outflow trend suggests that Dogecoin whales are selling rather than buying. It explains the selling pressure on the coin over the last few days, making it hard to reclaim $0.1. However, net flow data, which shows the average of inflows and outflows, has remained almost flat. Nevertheless, the majority of Dogecoin holders look to be in it for the long term as 3.93 million addresses have held their DOGE coins for more than one year. 2.2 million addresses have been holding for between 1 and 12 months. This leaves only 113,660 addresses that have been holding for less than one month. Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":642745,"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":[6664,85977,1785,89174,85675,7,1803,1804,79599,79600,89615,14781],"class_list":["post-642742","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-crypto","tag-crypto-whales","tag-doge","tag-doge-news","tag-doge-price","tag-dogecoin","tag-dogecoin-news","tag-dogecoin-price","tag-dogeusd","tag-dogeusdt","tag-whale-news","tag-whales"],"acf":[],"yoast_head":"\nHere\u2019s What Dogecoin Whales Are Doing Following The Recovery Above $0.1<\/title>\n<meta name=\"description\" content=\"The Dogecoin price recover came as a welcome sight to investors after the meme coin struggled around $0.09 for 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/ktsl888.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Here\u2019s What Dogecoin Whales Are Doing Following The Recovery Above $0.1","url":"http:\/\/ktsl888.com\/news\/dogecoin\/dogecoin-whales-recovery-0-1\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/dogecoin\/dogecoin-whales-recovery-0-1\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/Dogecoin_d55e78.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/Dogecoin_d55e78.jpeg?fit=1792%2C1024"},"articleSection":"Dogecoin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["crypto","crypto whales","doge","doge news","doge price","dogecoin","dogecoin news","dogecoin price","dogeusd","dogeusdt","whale news","whales"],"dateCreated":"2024-09-18T10:30:16Z","datePublished":"2024-09-18T10:30:16Z","dateModified":"2024-09-18T10:30:16Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Here\\u2019s What Dogecoin Whales Are Doing Following The Recovery Above $0.1\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/dogecoin\\\/dogecoin-whales-recovery-0-1\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/dogecoin\\\/dogecoin-whales-recovery-0-1\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Dogecoin_d55e78.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Dogecoin_d55e78.jpeg?fit=1792%2C1024\"},\"articleSection\":\"Dogecoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"crypto\",\"crypto whales\",\"doge\",\"doge news\",\"doge price\",\"dogecoin\",\"dogecoin news\",\"dogecoin price\",\"dogeusd\",\"dogeusdt\",\"whale news\",\"whales\"],\"dateCreated\":\"2024-09-18T10:30:16Z\",\"datePublished\":\"2024-09-18T10:30:16Z\",\"dateModified\":\"2024-09-18T10:30:16Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/Dogecoin_d55e78.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/642742"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=642742"}],"version-history":[{"count":1,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/642742\/revisions"}],"predecessor-version":[{"id":642746,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/642742\/revisions\/642746"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/642745"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=642742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=642742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=642742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}