Recently, a striking phenomenon has emerged in the field of crypto assets: a long-dormant DOGE wallet has suddenly been activated. This wallet holds over 10 million DOGE, worth approximately 2.25 million dollars. It is noteworthy that this activation coincides with a period of low market fluctuation, and the wallet subsequently withdrew from the Binance platform.



At the same time, the DOGE futures market is also showing some interesting trends. Currently, the open interest of DOGE futures has reached a high of 3.36 billion dollars. However, the market is also facing some pressure, with approximately 200 million DOGE (worth about 50 million dollars) being sold off recently.

In the face of these market changes, analysts are closely monitoring the price trend of DOGE. They are particularly focused on the key support level of $0.20. Some experts warn that if the price falls below this level, it may further decline to $0.178.

This series of events once again highlights the complexity and unpredictability of the Crypto Assets market. Whether it's the sudden activation of long-dormant Wallets or the coexistence of large holdings and sell-offs, it brings new thoughts to market participants. In this environment full of variables, investors need to remain vigilant and closely monitor market trends.
DOGE1.84%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
ChainWatchervip
· 7h ago
Large Investors dump again, it's time to take profits.
View OriginalReply0
Ser_APY_2000vip
· 09-07 17:48
Let's get started, it's a disaster.
View OriginalReply0
ForkYouPayMevip
· 09-07 17:37
Another Large Investors dumping has occurred, right?
View OriginalReply0
GateUser-257e9251vip
· 09-07 17:28
Hold on tight, we are about to To da moon 🛫
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)