Dogecoin Whale Abruptly Moves 623,387,760 DOGE in One Massive Transfer – Here's Where the Crypto Is Going

A mysterious Dogecoin (DOGE) whale was on the move over the weekend, relocating tens of millions of dollars worth of the leading meme crypto asset. Blockchain-monitoring service Dogecoin Whale Alert initially spotted the big DOGE transaction.

Timeline of Dogecoin

Floki (CRYPTO: FLOKI) is up 8% in the last 24 hours, beating gains clocked by the top five meme coins such as Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) in the last 24 hours. What Happened: The surge in FLOKI's price comes as the meme coin was listed on the crypto exchange Crypto.com.

Despite the recent recovery phase in the crypto market, the major memecoins have shown limited growth in the last two weeks. However, as the external news has not shown much effect on these crypto coins, interested traders can rely on individual price behaviors to determine their potential target in the near future.

Leading blockchain analytics firm IntoTheBlock has reported that Dogecoin (CRYPTO: DOGE) holders are in profit while Shiba Inu (CRYPTO: SHIB) holders are underwater.  Fifty-six percent of Dogecoin holders are profitable from their investment, 34% are sitting on losses, and 10% are breaking even.

Although the pioneering memecoin Dogecoin (DOGE) is recording losses on multiple charts, its community still holds a bullish attitude and expects the digital asset to conclude the third month of 2023 with a significant increase to its current price.

Floki Inu is gaining more popularity as it now poses a great threat to Dogecoin (DOGE) and Shiba Inu (SHIB) after soaring by 300% in 2023 alone.  The asset's unprecedented rise has caused leading cryptocurrency exchange Bitpanda to list the memecoin to its user base of more than 3 million users.

The coin value has increased today after correcting during the previous trading session, according to the most recent Dogecoin price analysis, suggesting a strong positive trend for today.

A leading blockchain analytics firm says a majority of meme token Dogecoin (DOGE) holders are in profit while rival meme token Shiba Inu (SHIB) owners are faring a lot worse. According to IntoTheBlock, 56% of DOGE holders are profitable on their investments, 34% are sitting on losses, and 10% are breaking even.

Dogecoin rebounded from a recent decline on Friday, as cryptocurrency markets shook off yesterday's bear wave. The meme coin has now risen by over 5%, a day after falling by the same sum. Chainlink was another notable mover, as prices climbed by over 7%.

Major crypto exchange Bitpanda is listing Floki Inu (FLOKI) after the meme token surged more than 300% this year. The Austrian-based exchange says investors can start trading FLOKI on their platform beginning March 17th. “Less than 24 hours until we let the dogs out! Well FLOKI more specifically.

Dogecoin (CRYPTO: DOGE) co-founder Billy Markus, popularly known as Shibetoshi Nakamoto on Thursday said Mad Money CNBC host Jim Cramer is “good at his job.” What Happened: Twitter chief Elon Musk chimed in the conversation and said, “the Force is strong with inverse Cramer.