Investors panic at Dogecoin! Whales move millions of coins to crypto exchanges – is the sell-off coming now?

A lot is happening in the Dogecoin ecosystem: The price increased by more than 4% within the last 24 hours – but at the same time Dogecoin whales transferred millions of dollars of coins to crypto exchanges! Investors are jittery, analysts expect a selloff. What should investors know now?

Does Dogecoin have a future?

Will Dogecoin explode – or will it crash course? The DOGE community is currently in a frenzy: as crypto tracker “Whale Alert” reports, wealthy Dogecoin investors have just transferred millions of dollars in coins to the Robinhood and Binance crypto exchanges! This is generally seen as an ominous sign as it is often followed by a sell-off. Same this time?

In any case, warns Whale Alert: A whale has just moved 450,000,000 DOGE worth whopping more than 33 million dollars – from an unknown wallet to the crypto exchange Robinhood! Will the whale soon flood the markets with 450 million dogecoin?

🚨 🚨 450,000,000 #DOGE (32,933,519 USD) transferred from unknown wallet to #robberyhttps://t.co/cqa8dAFAPn

— Whale Alert (@whale_alert) July 21, 2023

On top of that. Whale Alert reports another critical Dogecoin transaction – this time on Binance, the world’s largest crypto exchange. This time “only” 85 million DOGE worth more than 6 million dollars – but here too there is great concern that a sale could follow:

🚨 85,000,009 #DOGE ($6,177,001) transferred from an unknown wallet to #binancehttps://t.co/iOr8PgBKfV

— Whale Alert (@whale_alert) July 21, 2023

Also bitter: Dogecoin (DOGE) seems to have disappeared on social media. The official Twitter account last spoke in May and was silent before that. His 3.8 million followers are a big surprise. If you still want to invest: Buy Dogecoin with Paypal is a popular option.

Who likes coloring? pic.twitter.com/Y8ROMxO7Rq

— curt (@akaCurt) May 26, 2023

Is Dogecoin at the end, as some predictors speculate? For example, Walletinvestor.com is calling Dogecoin a “bad” investment right now, expecting it to drop to $0.00598! Coincierge tip: If you are interested in meme coins in the low price segment, you may also want to hear about Evil Pepe Coin (EVILPEPE), a descendant of the sensational meme coin Pepe Coin (PEPE).

In the current presale, the project was able to raise more than $600,000 in capital from investors within a very short period of time, moving straight to the goal of $1.996 million. This suggests that the market for meme coins may still have a lot of room for growth – especially if they are launched with energy and heavy marketing like Evil Pepe.

Crypto influencer Jacob Bury even speculates that evil Pepe could follow in Pepe Coin’s footsteps and overtake him!

As a reminder, Pepe Coin (PEPE) managed to break into the 100 most valuable cryptocurrencies. The meme coin has a market capitalization of more than half a billion dollars and has grown by several thousand percent – and Evil Pepe (EVILPEPE) has now embarked on a similar development.

The goal is a market capitalization of $100 million. It’s an interesting bet whether he’ll succeed – but Evil Pepe is likely to be the top contender by far.

Bad Pepe – on the way to a $100 million market cap

Background: The market for meme coins is constantly expanding. Whether Pepe Coin, Pepe 2.0, Shiba Inu, Floki, BabyDoge, Snek or Tamadoge – investors are still relying on the fun joke currencies.

Many of them have no purpose, no attractive functions – and therefore quickly fall off the grid with investors in the know. On the other hand, Evil Pepe Coin (EVILPEPE) is clearly positioned as a “meme coin with an evil side”, which means that it does not want to be more than Pepe’s offspring on the way to the moon, but has a laser focus on growth. The developers on Twitter:

“EVILPEPE’s work is hard.

He has a lot of great things in the works when we launch. The pre-sale is currently open and the marketing for it will begin in a big way in the coming days!

https://evilpepecoin.com

Get ready… It’s coming for you”

#EVILPEPE It’s hard at work.

He has a lot of great things in the works when we launch. The pre-sale is currently open and the market will be expanding significantly in the coming days! https://t.co/tSzIy5cOXV

Prepare yourselves.. He is coming for you#PreSaleLive #EvilPepeToken pic.twitter.com/PjzacbTakO

— Evil Pepe (@evilpepe_token) July 20, 2023

In addition, early adopters benefit from more favorable entry conditions. 1 EVILPEPE currently costs 0.000333 dollars. In eight days, however, the next pre-sale phase begins – and this is accompanied by a price increase.

Last updated on July 24, 2023

Cryptocurrencies are a highly volatile, unregulated investment product. Your capital is at risk.