dormant Dogecoin (DOGE) The whale has resurfaced and, after almost a year of inactivity, has managed to drain a whopping 15.115 million DOGE (equivalent to approximately $2.95 million) from Binance. The strange transfer was discovered by on-chain lens.
The prologue begins shortly after the withdrawal with the exchange of 7,473 DOGE through a DEX aggregator for approximately $1,450 in USDT at the same address. Although this test movement was small, it was enough to show that the wallet was still active.
To give you some background, the wallet had been inactive for 11 months before this sudden reactivation. In the cryptocurrency market, especially for assets like Dogecoin that are focused on retail investors, these long-dormant addresses often re-emerge and serve as short-term catalysts.
The current address is 15.19 million DOGEwhich is approximately $12.96 million at the current Dogecoin market price. The meme coin itself responded with a sharp increase during the day. The price soared from $0.197, briefly reaching $0.201, before consolidating just below the $0.2 line, where liquidity continues to increase.
Dogecoin investors take note
Although the whale withdrawal and short-term rally coincided, it is unclear whether the anonymous DOGE investors intend to accumulate more meme coins or prepare to distribute their holdings.
of dogecoin After nearly a year of silence, the whales chose this moment to pull millions of DOGEs out of centralized exchanges and back into their control. There is still nearly $13 million in DOGE left in the account, and any further trades could affect the mood next week.
