Ancient $DOGE whale suddenly awakens and moves an enormous number of tokens
to a new address, amounting to 326.4 million DOGE or roughly $28 million at the time of the transfer. This transfer has caught the attention of the crypto community, with many speculating on the potential impact on DOGE's price.
There are a couple of potential scenarios that could play out. The first is that the large transfer could lead to downward price movement for DOGE. If the recipient of the coins immediately sells them on the market, this could lead to a sudden increase in supply and a subsequent drop in demand, pushing the price down. However, if the recipient holds onto the coins and does not sell them immediately, the impact on the price may be minimal. to a new address ~30 mins ago.
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