129,361,857 Dogecoin (DOGE) Hit Binance After Whale Wallet Breaks Silence
Analysis
Price Impact
HighA whale wallet deposited over 129 million doge ($26.8 million) to binance, one of the largest single transactions from a previously silent, large holder. this significant inflow to an exchange often signals an intent to sell, increasing supply and potential selling pressure.
Trustworthiness
HighThe transfer was reported by whale alert, a highly reliable source for tracking large cryptocurrency transactions, and covered by u.today, a reputable crypto news platform. the wallet's lineage and prior dormancy add to the credibility of the event.
Price Direction
BearishLarge deposits from whales to exchanges typically precede selling, which can lead to increased supply on the market and downward pressure on the price. the article explicitly states, 'the size of the deposit makes it seem likely that the market will go down since it is usually a sign of increased selling.'
Time Effect
ShortThe immediate impact of such a large deposit, if it leads to liquidation, would likely be felt in the short term as the market absorbs the selling pressure. long-term price movements for dogecoin are influenced by broader market trends, utility developments, and community sentiment.
Original Article:
Article Content:
Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News A wallet that first went online in November 2024 with a 36 DOGE seed from one of Dogecoin's richest addresses just executed a $26.8 million transfer to Binance, placing 129,361,857 DOGE onto the world's largest crypto exchange in a single transaction, as reported by Whale Alert . Advertisement The address "DL7jHH" was initially topped up almost a year ago by wallet "DJfU2," an entity holding over 576.7 million DOGE , currently worth $117 million. You Might Also Like Sun, 10/26/2025 - 13:07 Mysterious Dogecoin Whale Reactivates With 15 Million DOGE Withdrawal From Binance By Gamza Khanzadaev HOT Stories BREAKING: Strategy Snaps Up $43 Million Worth of Bitcoin Morning Crypto Report: XRP Scores Legal Win in India, Mt. Gox Delays Bitcoin Payouts, China Warns of Crypto Risks Scaramucci’s New Crypto-Related Project Is Coming XRP Reversal Sends Price Towards $1, DOGE Treasury to Go Public, Bitcoin Beats Gold, Binance’s CZ Pardoned — Top Weekly Crypto News Since that activation, the wallet has amassed a sizable position and has now directed most of it into Binance. Even after today's outflow, it still controls more than 31.6 million Dogecoin , valued at around $6.4 million. Advertisement DOGE/USD by TradingView At the time of the transfer, the meme coin was trading around $0.203, showing some recovery from earlier lows but still under pressure compared to levels above $0.209 earlier in the session. The size of the deposit makes it seem likely that the market will go down since it is usually a sign of increased selling. What if not? The only other case is if the transfer was the exchange's own internal shuffle. But while this is not known for sure, what makes this event stand out is not only the size of the move but the lineage of the wallet itself — seeded by one of DOGE's biggest known whales, lying quiet for months, and then surfacing with a sudden $26 million transfer into the world's largest crypto exchange. Whether this inflow leads to active liquidation or remains as parked capital inside Binance will likely set the tone for Dogecoin's near-term fluctuations. #Dogecoin News #Dogecoin #Binance