Massive Dogecoin and Shiba Inu Whale Transactions Spotted Amid Market Dip

Blockchain tracker Whale Alert has reported a massive Dogecoin (DOGE) transaction from Binance, valued at $54.7 million. A total of 175.2 million DOGE were transferred to two anonymous wallets. The first wallet received three separate transfers of 90,071,992 DOGE each, while the second wallet received 175,274,112 DOGE. Currently, these wallets hold 537.8 million DOGE ($173.5 million) and 175.2 million DOGE ($56.5 million), respectively.

These transactions occurred during a 12% dip in Dogecoin’s price, dropping to $0.32041. This plunge provided investors an opportunity to accumulate the popular meme cryptocurrency. Bitcoin, which Dogecoin closely follows, also experienced a 6.5% decline, falling to $98,320 before rebounding to $100,460.

Another major transaction involved Shiba Inu (SHIB), with a crypto whale purchasing 257.5 billion SHIB worth $4.6 million. The same whale now holds a total of 477.5 billion SHIB valued at $8.57 million. This accumulation followed an 11.84% SHIB price drop, which has since partially recovered to $0.00001819, marking a 3.55% rebound.

These large purchases highlight renewed interest in meme coins amid market volatility, with traders leveraging price dips for accumulation. Whale activity in Dogecoin and Shiba Inu remains a key factor influencing their price movements.