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Major DOGE Holder Moves 20 Million Coins Off Exchange
On-chain data reveals a significant transaction: a major cryptocurrency whale transferred 20 million DOGE out of a centralized exchange platform on August 27, representing approximately 4.43 million USD in value at that time. The whale’s total DOGE portfolio now stands at 52.9 million tokens, currently worth around 6.35 million USD based on the latest price point of $0.12 per coin.
This type of large-scale withdrawal from CEX platforms often signals investor confidence or long-term holding intentions. The whale’s substantial accumulation of over 50 million DOGE demonstrates significant market conviction. With DOGE trading at $0.12, the holder’s position reflects meaningful exposure to the leading meme coin asset.
Such whale movements continue to attract market attention, as these participants’ actions frequently influence broader trading sentiment and liquidity dynamics in the DOGE market.