- DOGE has dropped 90% since hitting an all-time excessive on Could 8 of final 12 months. The meme coin soared to $0.7376 following Elon Musk’s Twitter announcement of himself as The Dogefather and subsequent look on Saturday Night time Dwell (SNL).
- There have been a complete of 110,614,220 and 139,261,848 meme cash within the two DOGE chunks, price $8,497,274 and $11,625,997, respectively. The second Dogecoin cost was made by way of the well-known Robinhood buying and selling platform.
- Dogecoin has misplaced 30% of its worth within the earlier 24 hours, dropping from $0.160 to $0.0723, following Bitcoin’s drop to $27,000 and Terra’s UST dropping its greenback peg. Nonetheless, as of press time, the coin has begun to regain a few of its losses, gaining 9.47 p.c.
The most well-liked parody cryptocurrency, Dogecoin, has plummeted 30% within the final 24 hours, however has already begun to get well. Throughout this huge value drop, somebody moved about 250 million Dogecoins, with little over half of that quantity going to Robinhood. Two transactions totaling greater than 100 million Dogecoins have been noticed by the @DogeWhaleAlert account, which displays big Dogecoin transfers.
Whale Is Transferring Dogecoin To Robinhood
There have been a complete of 110,614,220 and 139,261,848 meme cash within the two DOGE chunks, price $8,497,274 and $11,625,997, respectively. The second Dogecoin cost was made by way of the well-known Robinhood buying and selling platform, which permits customers to commerce in shares in addition to cryptocurrency like Bitcoin, Ethereum, Solana, DOGE, Shiba Inu, Bitcoin Money, and different well-known cash.
Dogecoin has misplaced 30% of its worth within the earlier 24 hours, dropping from $0.160 to $0.0723, following Bitcoin’s drop to $27,000 and Terra’s UST dropping its greenback peg. Nonetheless, as of press time, the coin has begun to regain a few of its losses, gaining 9.47 p.c. On the Binance change, DOGE is at present buying and selling at $0.0793.
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DOGE Has Dropped Precipitously After Musk’s Endorsement
DOGE has dropped 90% since hitting an all-time excessive on Could 8 of final 12 months. The meme coin soared to $0.7376 following Elon Musk’s Twitter announcement of himself as The Dogefather and subsequent look on Saturday Night time Dwell (SNL). Nonetheless, the looks on American media of Tesla CEO Elon Musk triggered a large selloff, and the token fell to $0.45 three days later.
Musk has lengthy been a proponent of Dogecoin, praising it ceaselessly in his tweets and serving to to boost its worth. However, as time went on, these tweets affected the price of Dogecoin. In January 2022, Tesla, the electrical automobile agency, began taking the meme coin as cost for sure objects in its on-line retailer. Musk stated that it was an experiment and that he would monitor the outcomes.
