DOGE rose 45% and then a whale dumped 130 million USD, a classic Be Played for Suckers.


Doge House is set to merge with Nasdaq, and as soon as this news broke, DOGE jumped from 0.16 to 0.23, rising by 45%.
I felt something was off at the time, and sure enough, on-chain data showed that a Whale dumped 640 million DOGE at a high price, cashing out 130 million USD.
This is a typical "good news sell-off".
Retail investors were excited to see the merger news and rushed in to buy, while the whales took the opportunity to cash out. By the time everyone reacted, the price had already dropped from 0.23 to 0.20.
DOGE is currently hovering around 0.20 and technically might pull back to 0.181.
But to be honest, I still have confidence in the long-term prospects of DOGE. If Musk really integrates DOGE payments on the X platform, that would be a true application landing. #加密市场观察
DOGE3.97%
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GateUser-d0f453d4vip
· 22h ago
Quick, enter a position! 🚗
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Samir_Hamoutvip
· 10-16 09:45
The game of big traders is dangerous and the losses for small ones are significant.
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GateUser-87adec4bvip
· 10-16 09:00
thanks for the useful information
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Maomaoyavip
· 10-16 00:49
DOGE rose 45% and then a Whale dumped $130 million, classic play people for suckers. Doge House is set to merge with Nasdaq, and once this news came out, DOGE shot up from 0.16 to 0.23, a 45% rise. I felt something was off at that moment, and sure enough, on-chain data showed that the Whale dumped 640 million DOGE at a high price, cashing out $130 million. This is a typical "Favourable Information dump." Retail investors got excited seeing the merger news and rushed in to catch a falling knife, while the Whale took the opportunity to close all positions. By the time everyone realized, the price had already fallen back from 0.23 to 0.20. Now DOGE is hovering around 0.20, and technically it might pull back to 0.181. But to be honest, I still have confidence in DOGE's long-term prospects. If Musk really integrates DOGE payments on the X platform, that would be the true application landing. #crypto market observation
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