A Dogecoin whale has transferred around 151 million DOGE, worth nearly $12.1 million, from Binance to an unknown wallet, which could be seen as a bullish sign for the cryptocurrency. The transfer, known as an exchange outflow, suggests that the whale is accumulating DOGE at relatively low prices. However, it is also possible that the transfer was made for selling through peer-to-peer deals, which could lead to bearish price action for Dogecoin. Currently, DOGE is trading at around $0.078, down 16% in the last week.

(By Hououin Kyouma)