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Dogecoin (DOGE) Whale Dumps $200M Tokens, while WienerAI is transforming crypto trading with AI tech

Jordan Avery by Jordan Avery
May 16, 2024
in Press Releases
Reading Time: 5 mins read
0
Crypto Trading, Dogecoin Analysis, AI Technology, Market Insights, Token Sale, Investment Opportunities
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As Dogecoin (DOGE) price recovered and rallied over 7%, a titan offloaded 200 million DOGE tokens. Moreover, a surge in Dogecoin’s titan activity was noted. While the buying pressure from titan accumulation could propel the DOGE price higher, the latest transaction suggests otherwise. WienerAI smart tech and easy AI interface let you quickly search the crypto market for hidden opportunities. Ask WienerAI for your next trade, and it gives you the analysis to help you win more. Then swap seamlessly, without MEV, on decentralized exchanges.

Whale Offloads Massive DOGE Reserve

According to whale Alert, a Dogecoin whale recently transferred 200 million DOGE, equivalent to approximately $30.86 million. The transaction was executed from an unknown wallet to the popular trading platform Robinhood. This transaction has raised concerns within the crypto community, suggesting a potential dump that could halt the recent price rally of Dogecoin.

USDC Airdrop Rewards During Octoblock Presale Triggers Inflow of Solana and Dogecoin-doge price

Dogecoin has experienced a notable price increase of over 7% in the last 24 hours, largely fueled by renewed buying power in the market. However, the substantial transfer to Robinhood indicates that a large holder, signals they may be preparing to sell a significant portion of their holdings. This action could introduce selling pressure and reverse the current upward momentum.

Meanwhile, data from IntoTheBlock provides additional insights into the activity of large Dogecoin holders. Over the past month, there has been a marked increase in the number of large transactions. The number of transactions peaked at 1.86K transactions on Wednesday, May 14, 2024. Moreover, this surge in activity highlights the heightened involvement of whales and institutional investors.

intotheblock-whale-whales
intotheblock

Furthermore, the volume of these large transactions also spiked, reaching 11.55 billion DOGE on the same day. It suggests substantial movements of tokens and likely strategic positioning by whales. While several Dogecoin massive transactions could have accounted for accumulation, the latest one hints at a potential selloff by whaleswho want to realize profits amid the recent surge.

Will Dogecoin Price Rally Come To An End?

Dogecoin managed to surge beyond $0.15 and even neared the $0.16 milestone. At the time of writing, the DOGE price soared 6.10% to $0.1556 on Thursday, May 16. Furthermore, the largest meme crypto’s market valuation spiked to $22.46 billion. Moreover, DOGE’s 24-hour trading volume shot up by 18.33% to $1.96 billion.

DOGE

In addition, the Dogecoin futures open interest climbed 11.83% to $884.94 billion, indicating renewed interest among derivatives traders. However, short sellers dominated liquidations with $2.51 million, according to Coinglass. While the short squeeze could send DOGE’s value higher, the dump would be even more significant when shorts take charge.

Analyzing the technical indicators, Dogecoin’s price dynamics are at a critical juncture. The 50-day Exponential Moving Average (EMA), currently around $0.1652, is acting as a resistance level. A breakout above this level could signal the onset of a bullish market. Moreover, it could potentially drive the DOGE price higher to the next resistance points at $0.18 and $0.20.

On the other hand, the 100-day EMA, positioned at $0.1434, is providing a level of support, indicating a cushion against significant declines. The 200-day EMA, at $0.1237, serves as a major long-term support level. If the increased activity from whales results in substantial selling pressure, Dogecoin might face a bearish scenario, testing these support levels.

WienerAI Shows How AI Helps Crypto Trading

WienerAI may have a funny name, but it’s serious tech. It’s like having a smart robot that looks for good deals in cryptocurrency trading. However, Imagine having a buddy that checks the market all the time and tells you when to buy or sell. That’s what WienerAI does; it gives you tips instantly. Plus, it lets you trade different tokens without any fees on certain platforms.

https://wienerdog.ai/en

WienerAI ($WAI) token and Trading Bot that merges the worlds of artificial intelligence, canine loyalty, and crypto trading–into a singular global movement. WienerAI is not just a digital asset–it’s the most advanced beginner-friendly crypto trading bot ever created. With predictive technology, a simple yet comprehensive interface, and endless functionality–WienerAI puts crypto traders ahead of the game by giving them advantage over all other traders.

You don’t have to worry about missing out on trades or other bots beating you. For example, if you’re interested in Bitcoin, WienerAI can tell you when it’s a good time to buy or sell. And you can do it quickly through WienerAI.

WienerAI’s Presale Raises Over $1.9M Thanks to Investors

WienerAi-wAI-PRESALE

WienerAI’s sale is getting a lot of attention. Investors have put in over $1.9 million so far because they’re excited about it. Right now, you can buy WienerAI tokens for about $0.000707 each. Big names like Matthew Perry and the 99Bitcoins channel are talking about WienerAI. They like its smart features and funny name. Even experts at the VR Soldier say it’s one of the top sales happening. Meanwhile, even though it’s a new and funny token, people are taking it seriously. Whether it’s because of the smart trading or the rewards for staking, people are liking WienerAI. Everyone’s watching to see if this dog-themed token keeps doing well.

Tags: AI technologyCrypto TradingDogecoin AnalysisInvestment OpportunitiesMarket insightsToken sale
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