Dogecoin Worth $12M Moved From Binance To Mysterious Wallet: Internal Shuffling Or Big Whale Purchase?

Over 151 million Dogecoin DOGE/USD worth $12 million was moved from cryptocurrency exchange Binance to an unknown wallet.

What Happened: Data from Blockchair shows multiple transfers between Binance wallets.

The platform reported that 90 million Dogecoin worth $7.2 million were moved from multiple wallets to one Binance wallet, while another transfer of 12.9 million Dogecoin worth $1 million was done from Binance to an unknown wallet. 

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In addition, five transactions totaling five million Dogecoin worth $400,000 were transferred between Binance wallets. 

Price Action: At the time of writing, DOGE was trading at $0.079, down 1.31% in the last 24 hours, according to Benzinga Pro.

Read More: Bitcoin, Ethereum, Dogecoin Rise Amid Increasing Sell Pressure: Is Apex Crypto At Risk Of ‘Summer Lull?’