Dogecoin Whale Invests Millions in ETFSwap ICO

Dogecoin Whale Transfer Causes Market Ripple

A Dogecoin whale, which is a term for a person or entity holding large amounts of Dogecoin, recently made headlines by transferring a substantial amount of DOGE. Specifically, 103.8 million Dogecoin, valued at approximately $11.2 million, were moved from the Bittrex exchange to an unidentified wallet on August 13. Following this massive transfer, Dogecoin's price experienced a temporary spike before stabilizing at $0.105. The event also caused a 25% increase in its trading volume and a 5% rise in Dogecoin Open Interest, which refers to the total number of outstanding derivative contracts that have not been settled, indicating a surge in market activity.