@nevageitgey
Dogecoin has continued its slow performance this year. And now, its crypto whales’ exodus has raised concerns among investors. Recently, a Dogecoin whale transferring over 118M DOGE valued at $13.3M to Binance has fueled speculations about a sell-off and potential price decline for Dogecoin.
The timing could have been better! It coincides with the downturn of top meme coins, and Dogecoin has been a target for profit-taking investors since its price action has been short of encouraging this year. Unfortunately, Dogecoin slipped below $0.1 for the second time this month. Currently, DOGE is trading at $0.098, a 25% drop in a month.
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