The on-chain data shows that 131 million DOGE has been transferred in two transactions, with 80,452,117 DOGE being moved from Robinhood to an unknown wallet and 51,954,195 DOGE being transferred from Robinhood to Coinbase. The large transfers may indicate involvement from whales or institutional players, with the transfer to Coinbase potentially suggesting a potential sale or preparation for trading activity. The reason for the transfers remains unknown. At the time of writing, Dogecoin has seen a 2.90% decrease to $0.398, with $493 million being liquidated across various crypto assets. The $0.35 level is seen as a critical support level, with a break below potentially leading to a fall to $0.30. If Dogecoin rises above $0.40, it could see a further increase to $0.48.



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