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DOGE Whale Address Receives Large Transactions from Crypto.com

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On February 16, according to the lookonchain chain monitoring, at 18:23:27 on February 16, Beijing time, the DOGE whale address \”D7vrVR\” received 250 million D…

DOGE Whale Address Receives Large Transactions from Crypto.com

On February 16, according to the lookonchain chain monitoring, at 18:23:27 on February 16, Beijing time, the DOGE whale address “D7vrVR” received 250 million DOGE (about US $63 million) from Crypto.com, and has become one of the top 20 holders of Dogecoin, with a balance of 709 million addresses. Yesterday, the address also received 200 million DOGE (about US $39 million) from Crypto.com.

Giant whales transferred 250 million DOGE from Crypto.com, worth 63 million dollars

Analysis based on this information:


On February 16th, according to the lookonchain chain monitoring, a DOGE whale address by the name of “D7vrVR” received 250 million DOGE, which is equivalent to US $63 million from Crypto.com. As a result of this transaction, the address now holds a balance of 709 million addresses, placing it in the top 20 holders of Dogecoin. Furthermore, yesterday, the same address received 200 million DOGE, worth approximately US $39 million, from Crypto.com.

The significance of this transaction goes beyond just the amount of DOGE being transferred. Whale addresses are large wallets that hold significant amounts of cryptocurrency, and they often hold enormous power in the market due to their ability to manipulate the price of assets. The fact that Crypto.com, one of the leading crypto exchanges in the world, is engaging in transactions with a whale address is noteworthy.

It implies that Crypto.com has faith in the potential of Dogecoin, a crypto asset that has often been viewed as a meme currency. This transaction signals that Dogecoin may be reaching a new level of legitimacy as legitimate players get involved in the market. Crypto.com has previously shown support towards Dogecoin, as they listed the asset on their trading platform in May 2020.

The transfer of such a significant amount of DOGE also demonstrates the improved liquidity of the cryptocurrency market. This liquidity plays a significant role in helping the market grow and maintain a better position in the financial ecosystem.

Overall, the recent transaction of 250 million DOGE to a whale address by Crypto.com raises interesting questions and hints towards new developments in the cryptocurrency market. With the involvement of such significant players in the market, it presents possibilities of mainstream acceptance of cryptocurrencies and puts emphasis on successful market disruptions.

In conclusion, the DOGE whale address receiving a large transaction from Crypto.com supports the optimism of Dogecoin’s potential, highlights the increasing liquidity of the cryptocurrency market, and shows a steady move towards mainstream acceptance of crypto transactions.

Keyword: Dogecoin, market, mainstream acceptance

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