● Dogecoin fell 5% in the 24-hour period from Aug. 28 at 09:00 to Aug. 29 at 08:00, tracking broader risk-asset weakness.
● Between Aug. 24–25, an unknown whale shifted 900 million DOGE (~$200 million) to Binance wallets, fueling concerns of distribution and triggering market volatility.
● Open interest in DOGE futures slipped 8% after the inflows, reflecting lighter speculative positioning.
● On-chain data shows whales continue to build exposure, with 680 million DOGE accumulated in August, signaling institutional demand despite retail selling.
● Dogecoin’s network fundamentals remain firm, with hashrate climbing above 2.9 petahashes per second, underscoring mining security at record levels.
Price Action Summary :
~ DOGE dropped from $0.22 to $0.21 in the 24-hour period.
#MarketPullback #TrumpTariffs #DogeCoinTreasury #NewHighOfProfitableBTCWallets
