Mysterious whale deposits $27 million worth of DOGE on Binance, sparking sell signal on chart.

From Investing.com

January 7, 2025 3:00:22 pm:

A mysterious whale deposited over $27 million worth of $70,081,151 DOGE on Binance, according to Whale Alert. The sender’s wallet only had four transactions, receiving 70,081,124 DOGE on Jan. 6 and sending it to Binance recently.

Cryptocurrency analyst Ali Martinez noted a sell signal on the DOGE daily chart, predicting a price correction. Dogecoin surged 16% since Friday to $0.39644, dropping 2.51% to $0.38680 today.

Bitcoin’s rise to $102,500 prompted Dogecoin co-founder Billy Markus to joke about regaining the $100,000 level. Despite holding 0.006 BTC, Markus remains skeptical about crypto investments, cautioning against quitting one’s job to bet on crypto.

Read more at Investing.com: 70,081,151 DOGE Stun World’s Largest Crypto Exchange, Here’s What’s Happening By U.Today