Massive DOGE Exchange Transfer Threatens Its Bullish Momentum

• Today, a whale transferred 300,000,000 DOGE from an unknown wallet to the Robinhood exchange.
• At press time, DOGE was worth $0.08395 after its price managed to climb by 3.11% in the past day.
• If DOGE’s bullish momentum continues, it could soon flip the $0.08785 resistance level into support.

People in the cryptocurrency community fear a Dogecoin (DOGE) selloff could be around the corner after a huge amount of tokens were moved to a cryptocurrency exchange earlier today. The whale tracking platform Whale Alert reported in an X post that a whale transferred 300,000,000 DOGE tokens from an unknown wallet to Robinhood.

The transferred meme tokens were worth about $25,033,123, according to the data provided by Whale Alert. At press time, it seemed like the whale was still holding on to his tokens as DOGE’s price was still set in the green zone.

In fact, DOGE was one of the top gainers among the top 10 tokens by market cap. CoinMarketCap indicated that the meme coin was worth $0.08395 after its price m…

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