Introduction
Continuing from the previous content (Beyond Musk: The Real Price Drivers of Dogecoin?! Chip Distribution, Price Impact All in One Go! Quickly Grasp the Key Signals Before Price Surge), we continue to focus on Doge and examine the large internal transfer behaviors between Binance cold and hot wallets, helping you quickly identify potential buying points and bottom-fishing opportunities through on-chain data and real trends.
This article will approach from several angles: first, outlining the key time points of internal transfers on Binance; next, using charts to restore the price fluctuations after each transfer; and finally, organizing practical operational thoughts to help you immediately engage and make clearer trading decisions.
Transfer Path of DOGECOIN
The above chart shows the transfer path of DOGE from the address DU8gPC5mh4KxWJARQRxoESFark2jAguBr5 (Binance cold wallet) to the address DJfU2p6woQ9GiBdiXsWZWJnJ9uDdZfSSNC (Binance hot wallet).
If you are not familiar with what it means to transfer from a Binance hot wallet to a cold wallet or vice versa (commonly known as internal transfer), you may want to review the following articles:
BTC Internal Transfer
ETH Internal Transfer
MEME Coin Internal Transfer
What is Dogecoin?
Historical Price Behavior of DOGE Internal Transfers on Binance
The above chart shows the internal transfer time points of DOGE from 2024/02/29 to 2024/03/20.
On 2024/03/02, the Binance cold wallet starting with DU8gP transferred 600M DOGE to the Binance hot wallet starting with DJfU2. The price initially fell by 14% and then rose by 67%.
On 2024/03/06, the Binance cold wallet starting with DU8gP transferred 500M DOGE to the Binance hot wallet starting with DJfU2. The price initially fell by 13% and then rose by 31%.
The above chart shows the internal transfer time points of DOGE from 2024/03/28 to 2024/05/02.
On 2024/04/13, the Binance cold wallet starting with DU8gP transferred 600M DOGE to the Binance hot wallet starting with DJfU2. The price then rose by 29%.
From the above chart, we can observe that Dogecoin experienced a decline (red arrow) and then began an upward trend after an internal transfer (yellow arrow). Subsequently, a buying point was formed at the orange position (false breakdown of the previous low), continuing the upward trend.
The above chart shows the internal transfer time points of DOGE from 2024/05/06 to 2024/08/05.
On 2024/07/05 and 07/06, the Binance cold wallet starting with DU8gP transferred 400M and 370M DOGE to the Binance hot wallet starting with DJfU2. The price then rose by 57%.
Similar to the previous section, we can observe from the above chart that Dogecoin experienced a wave of decline (red arrow) and then began an upward trend after an internal transfer (yellow arrow). Subsequently, a buying point was formed at the orange position (false breakdown of the previous low), continuing the upward trend.
The above chart shows the internal transfer time points of DOGE from 2024/09/07 to 2024/11/03.
On 2024/09/24, the Binance cold wallet starting with DU8gP transferred 3.462M DOGE to the Binance hot wallet starting with DJfU2. (The smallest transfer amount). The price then rose by 23%.
This transfer amount is smaller than the previous ones, but it still experienced a drop after a rise, returning to the low point of the transfer (orange position) for a false breakdown before rising again.
The above chart shows the internal transfer time points of DOGE from 2024/11/11 to 2025/02/11.
On 2024/11/14, the Binance cold wallet starting with DU8gP transferred 200M DOGE to the Binance hot wallet starting with DJfU2. The price then rose by 9%.
On 2024/12/20, the Binance cold wallet starting with DU8gP transferred 200M DOGE to the Binance hot wallet starting with DJfU2. The price then rose by 32%.
On 2025/01/09, the Binance cold wallet starting with DU8gP transferred 400M DOGE to the Binance hot wallet starting with DJfU2. The price then rose by 20%.
On 2025/02/03, the Binance cold wallet starting with DU8gP transferred 200M DOGE to the Binance hot wallet starting with DJfU2. The price then rose by 31%.
From the above chart, it can be observed that these transfers occurred after a wave of decline. Moreover, the timing of the transfers also created opportunities for buying or bottom-fishing.
The above chart shows the internal transfer time points of DOGE from 2025/03/06 to 2025/04/20.
On 2025/03/10, the Binance cold wallet starting with DU8gP transferred 360M DOGE to the Binance hot wallet starting with DJfU2. The price then rose by 5%, followed by a decline of 21%, and then an increase of 44%.
On 2025/04/07, the Binance cold wallet starting with DU8gP transferred 300M DOGE to the Binance hot wallet starting with DJfU2. The price then rose by 28%.
This transfer, like the previous ones, occurred after a decline, leading to a rebound.
Conclusion
From March 2, 2024, to April 7, 2025, Binance conducted a total of 12 large internal transfers of DOGE between cold and hot wallets, of which 9 transfers directly led to an average mid-term rebound of about 30%. Only 3 instances showed a 'decline followed by recovery' trend, indicating that large internal transfers often come with significant buy signal indications.
Investors should closely monitor the internal transfer time points of this address. During the short-term volatility caused by the transfers, wait for an appropriate pullback before entering, and combine with trading volume and market sentiment indicators to enhance the accuracy of entry and exit judgments.
This report is for information sharing purposes only and does not constitute any form of investment advice or decision-making basis. The data, analysis, and opinions cited in this document are based on the author's research and public sources, which may have uncertainties or may change at any time. Readers should make investment judgments cautiously based on their own circumstances and risk tolerance. For further guidance, it is recommended to seek professional advisory opinions.