JAKARTA - The movement of large investors in the crypto market is again in the public spotlight. This time, Dogecoin (DOGE) became a hot topic after the transaction was worth nearly 60 million US dollars (around Rp972 billion) by big investors who have large amounts of crypto assets. This move sparked speculation regarding the possibility of a spike in DOGE prices in the near future.
According to data from Whale Alert on Monday, December 23, more than 61 million DOGE, worth about USD 23.5 million (IDR 380.7 billion), transferred from an anonymous wallet to the Robinhood platform. It does not stop there, there is another transaction worth USD 34 million (IDR 550.8 billion). Massive movements like this are often considered a positive signal, indicating a great interest in investors.
Dogecoin itself had experienced an upward trend in recent months, although recently the price has been relatively stagnant. However, this large purchase shows that the whales choose to buy at low prices or buy the dip rather than sell their assets.
VOIR éGALEMENT:
The Impact on DOGE Prices
This whale activity is believed to be able to bring significant changes to the price of Dogecoin. Currently, DOGE is trading at around US$0.4 (Rp6,480), with a slight increase compared to the previous month. Some analysts estimate that DOGE prices could soar to $0.55 (Rp8,910), which would be the highest record of the year.
If Dogecoin is able to cross this limit without a large price correction, there is the potential to reach an all-time high. This is certainly good news for the old DOGE holders who hope their investment value will increase again.
Although DOGE offers a cuan opportunity, Dogecoin is also known as a coin meme that lacks real utilities. This makes DOGE prices highly dependent on market trends and community hype. After interest in it subsides, the price is at risk of falling.
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