Whales Move Over $587,880,000 in Ethereum and Dogecoin Amid Market Pullback – Here’s Where the Crypto Is Going

Crypto whales are moving hundreds of millions of dollars worth of Ethereum (ETH) and Dogecoin (DOGE) as the digital asset markets continue to correct.

Blockchain-tracking service Whale Alert reports that deep-pocketed Ethereum holders relocated 323,430 ETH worth $488.67 million in the past day from unknown wallets to popular US-based crypto exchange Coinbase.

• 149,999 ETH worth 226.29 million transferred from wallet of unknown origin to Coinbase
• 149,999 ETH worth 226.29 million transferred from wallet of unknown origin to Coinbase
• 23,432 ETH worth $36.09 million transferred from wallet of unknown origin to Coinbase 

At time of writing, Ethereum is trading for $1,533, up over 1% in the last 24 hours. Even after last week’s market-wide retracement, the leading smart contract platform remains up more than 28% this year.

Whale Alert also finds that a large Dogecoin holder is also on the move. According to the blockchain tracker, a mysterious whale shifted 1,200,000,000 DOGE worth $99.23 million in three separate transactions.

• 400,000,000 DOGE worth $33.10 million transferred from wallet of unknown origin to another wallet of unknown origin 
• 400,000,000 DOGE worth $33.08 million transferred from wallet of unknown origin to another wallet of unknown origin 
• 400,000,000 DOGE worth $33.05 million transferred from wallet of unknown origin to another wallet of unknown origin 

At time of writing, DOGE is worth $0.082, a fractional increase on the day. The top meme coin is still up 18% this year despite the current crypto correction.

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