Whale Alert, a prominent blockchain tracking platform, reports a significant movement of Dogecoin (DOGE) from Binance exchange to anonymous wallets, totaling a staggering 304,588,737 DOGE, equivalent to approximately $53.1 million in fiat currency.
The cryptocurrency community is expressing admiration for the swift transfer of such a significant amount of crypto, made possible by cutting-edge blockchain technology. The transaction fee for this transfer was remarkably low, amounting to just 0.20484458, equivalent to a mere $0.03.
Image via Whale Alert
Over the past few days, Whale Alert notes heightened activity among cryptocurrency whales, particularly with transactions involving major exchanges such as Coinbase and Robinhood. Notably, 396.4 million DOGE were transacted with Robinhood, and 294.4 million DOGE with Coinbase, making up a total of nearly 691 million DOGE in five days. Combined with the recent Binance withdrawal, the total DOGE movement within this period amounts to 995.3 million DOGE, valued at approximately $173.6 million.
Before this，a dormant DOGE wallet, inactive for over 10.3 years, has recently shown activity, holding 3,700,051 DOGE worth $662,519.
Despite these significant transactions, the DOGE price has experienced a 7.5% decline in the past 24 hours, dropping from $0.1872. Since March 27, DOGE has seen a notable decrease of 24.3%, losing its recent high of $0.2289. Currently, DOGE has regained a minor 1.47% but remains within a range, with $0.1752 acting as a major support level.
In conclusion, the recent movement of a substantial amount of DOGE from Binance to anonymous wallets raises questions within the crypto community, especially amid the cryptocurrency's price decline. The increased activity of DOGE whales across major exchanges further adds to the intrigue surrounding DOGE's market dynamics.
Justin Bons, founder of Cyber Capital, has accused Tether of being a massive fraud, claiming it has not provided any legitimate proof of reserves or undergone a proper audit since 2021. Bons warns that Tether’s lack of transparency and its connections to controversial figures and activities pose a significant risk to the entire crypto market.
WeatherlyHadsel, Norway, faces a 20% increase in electricity costs after shutting down the Stokmarknes Datasenter Bitcoin mining facility, which previously consumed a significant amount of local power. The closure, driven by noise complaints, has left Noranett to pass the financial burden onto residents, highlighting tensions between local concerns and the economic benefits of Bitcoin mining.
WeatherlyMeta has resumed AI training in the U.K., using public content from Facebook and Instagram after resolving privacy concerns with regulators. The company assures users that private messages and data from those under 18 are excluded, though some still worry about privacy and AI's growing role.
AnaisChina's new regulations require digital platforms to clearly label all AI-generated content, including text, images, videos, and audio files. The rules mandate visible logos and metadata, voice prompts for audio, and user identification for AI-generated posts to enhance transparency and prevent misinformation.
WeatherlyCircle and Sony Block Solutions Labs are partnering to make USDC the primary transaction token on the new Soneium blockchain. This collaboration aims to enhance digital transactions and create innovative opportunities in the Web3 space, with Soneium set to launch its mainnet in 2025.
WeatherlyDeltaPrime, a DeFi protocol on Arbitrum, lost $6 million in suspicious transactions. The source of the compromised private key is still under investigation amidst alleged links to North Korean hackers adding complexity to the ongoing investigation.
CatherineAs Typhoon Yagi ravages Vietnam, Binance and KuCoin are stepping up with token airdrops to offer relief. With the death toll over 350 and widespread damage, these airdrops aim to deliver crucial support to affected communities.
KikyoDonald Trump and his family are launching a cryptocurrency project called World Liberty Financial, with the Trump family holding a 70% stake. Despite initial excitement, details about the platform are unclear, and there are concerns about its feasibility and transparency.
JoyScannit plans to launch its financial management app beta after TOKEN2049, allowing users to track spending and earn SCAN tokens for sharing data. Its "Scan-to-Earn" feature rewards users for uploading transaction data, enhancing financial control.
CatherineBybit has secured a provisional license from Dubai’s VARA, signaling progress toward full licensing and strengthening its position in the global crypto market. The company is also expanding in Hong Kong to tap into the growing Asia-Pacific market, reflecting its broader strategy to enhance its global presence.
Weatherly