#TokenMovementSignals Recent on-chain data indicates a significant decline in large Dogecoin transactions, suggesting reduced activity among major holders. Notably, weekly transactions exceeding $100,000 have decreased from 20,200 in early November 2024 to 6,200 by mid-February 2025.
However, on February 20, 2025, a substantial movement occurred when an anonymous whale transferred 100 million DOGE (approximately $25.42 million) to Binance.
This combination of reduced large-scale transactions and occasional significant transfers may influence Dogecoin's price dynamics in the near term.
Investors should monitor these support and resistance levels, along with whale activity, to make informed trading decisions.
#TokenMovementSignals Recent on-chain data indicates a significant decline in large Dogecoin transactions, suggesting reduced activity among major holders. Notably, weekly transactions exceeding $100,000 have decreased from 20,200 in early November 2024 to 6,200 by mid-February 2025.
However, on February 20, 2025, a substantial movement occurred when an anonymous whale transferred 100 million DOGE (approximately $25.42 million) to Binance.
This combination of reduced large-scale transactions and occasional significant transfers may influence Dogecoin's price dynamics in the near term.
Investors should monitor these support and resistance levels, along with whale activity, to make informed trading decisions.
