The transfer worth more than $27 million was initiated by a mysterious whale from an unknown blockchain address and constituted $70,081,151 DOGE.
According to the account details shared by the Blockchair explorer, the sender’s wallet was set up just recently, since it only contains four transactions. On Jan. 6, this wallet received 70,081,124 DOGE, which he sent to Binance today.
Martinez stated that, according to the TD Sequential indicator, which is designed to predict price corrections and rebounds on the market, a sell signal has formed on the DOGE daily chart. Therefore, the analyst is anticipating a price correction.
After surging by more than 16% since Friday and upon reaching $0.39644, Dogecoin has been pushed down by 2.51% today. At the time of this writing, the popular meme cryptocurrency is changing hands at $0.38,680 per coin.
Dogecoin creator Billy Markus, who is known on social media as Shibetoshi Nakamoto, reacted to that bullish news in his traditional jesting manner, using memes and highlighting Bitcoin’s price surge above the crucial $100,000 level. In the middle of December, BTC scored a historic peak above $108,000 and had been trading below $100,000 since then, regaining its losses partly now with yesterday’s price surge.
While Markus has several times revealed that he holds Bitcoin (0.006 BTC), he does not rely any hopes of becoming a millionaire with it. In his numerous tweets, he has many times expressed a skeptical attitude toward crypto as an investment tool, claiming that nobody really knows why Bitcoin goes up or down and hinting that quitting one’s daily job betting on crypto is not the best idea.
This article was originally published on U.Today
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