PakGazette – Prominent blockchain monitoring platform Whale Alert has spotted a huge deposit that landed on Binance, the world’s largest cryptocurrency trading hub.
The transfer worth over $27 million was initiated by a mysterious whale from an unknown blockchain address and constituted $70,081,151 DOGE.
According to account details shared by explorer Blockchair, the sender’s wallet was recently set up as it only contains four transactions. On January 6, this wallet received 70,081,124 DOGE, which it sent to Binance today.
Sell Signal on DOGE Chart Spotted by Analyst
Cryptocurrency analyst and trader Ali Martinez, known on the social network
Martinez stated that based on the TD Sequential indicator, which is designed to predict price corrections and rebounds in the market, a sell signal has formed on the daily chart of DOGE. Therefore, the analyst foresees a price correction.
After rising more than 16% since Friday and reaching $0.39644, Dogecoin has fallen 2.51% today. At the time of writing, the popular meme cryptocurrency is changing hands at $0.38,680 per coin.
Dogecoin co-founder reacts to recovering $100,000
On January 6, the world’s leading cryptocurrency, Bitcoin, jumped 3.75%, reclaiming the $100,000 level and reaching $102,500 when the company MicroStrategy headed by BTC evangelist Michael Saylor announced a mammoth purchase of 1,070 Bitcoins, paying $101 million for that batch of cryptocurrencies.
Dogecoin creator Billy Markus, known on social media as Shibetoshi Nakamoto, reacted to that bullish news in his traditional joking style, using memes and highlighting Bitcoin’s price rise above the crucial $100,000 level. In mid-December, BTC hit an all-time high above $108,000 and had been trading below $100,000 since then, partly recovering its losses now with yesterday’s price surge.
While Markus has revealed several times that he owns Bitcoin (0.006 BTC), he has no hope of becoming a millionaire with it. In his numerous tweets, he has often expressed a skeptical attitude toward cryptocurrencies as an investment tool, stating that no one really knows why Bitcoin goes up or down and implying that quitting your day job betting on cryptocurrencies is not the best idea.
