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On-chain data shows 300 million DOGE, worth approximately $24.1 million, was transferred to Binance.
On-chain monitoring firm Whale Alert reported that as of October 15, a transaction of 300 million Dogecoin (DOGE) was transferred to Binance. At the time, DOGE was trading at approximately $0.0803, valuing the transaction at about $24.1 million. This transfer comes amid a prolonged downturn in the crypto market. While transferring tokens to an exchange is generally perceived as a potential intent to sell, such transactions alone do not definitively confirm a selling intention.
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