Whale Alert, a crypto tracking platform, has observed a significant deposit of over 70 million Dogecoin (DOGE) tokens being moved to Binance, the largest crypto exchange, during a recent 10% price crash in the coin. This deposit, worth over $27.6 million, has raised concerns as it suggests that DOGE whales are selling off their holdings. The transfer of assets to an exchange often indicates a potential sell-off. The large-scale movement of DOGE could lead to increased volatility and further downward pressure on the coin. Analysts have noted that Dogecoin's technical indicators suggest a price correction may occur. However, others believe that Dogecoin may experience a price rally, potentially reaching a new all-time high of $0.95. Investors are advised not to sell prematurely or short DOGE, as it could result in missing out on the projected price surge.



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