The post Whales Move Millions of DOGE Triggering a 10% Jump-Is Elon Musk Again Pulling Up the Price? appeared first on Coinpedia Fintech News
After undergoing acute stress, the crypto space has been witnessing a minor upswing in the past couple of days. Meanwhile, the rounds of BlockFi filling for bankruptcy were believed to ignite fresh bearish movements, but the markets rebounded finely following a slight pullback. Meanwhile, Dogecoin again gained the spotlight with a remarkable upswing that assisted the price to reclaim back $0.1 levels.
No sooner had the DOGE price ignited a significant upswing, than millions of tokens were moved. A popular on-chain data provider revealed the movement of nearly 300 million DOGE from the wallet of the largest Dogecoin whale.
As per bitinfocharts.com, the whale address is said to be that of Robinhood Exchange. The transfer of 300M DOGE was recorded as the price experienced a significant upswing. Therefore, it points out the rising demand for the asset. In other words, the DOGE price is expected to maintain a significant upswing as the bullish momentum has coiled up.
Overall, the Dogecoin price appears to have risen above the bearish pressure and hence may set up a decent upswing hereafter. Besides, the demand for the asset also has surged notably which may elevate the prices ahead.