There was a remarkable development in the crypto currency market. According to Whale Alert data, a dogecoin on February 3 $0.25081 Whale, 200 million tokens transferred to the Binance Exchange. The value of the transaction was calculated as approximately $ 50 million. On the same day, new tariffs announced by former US President Donald Trump led to concerns in global markets. The value of Dogecoin decreased by 19 %in the last 24 hours to $ 0.2117. Market analysts stressed that large -scale transfers can put pressure on prices.
Whale Process and Market Effect
The data shared by Whale Alert once again revealed the mobility of Dogecoin whales. The fact that 200 million Dgers moved to Binance reflected the tendency of investors to avoid risk. The entrance of the tokens to the stock market was evaluated along with the possibility of creating sales pressure.
Market participants, such large -scale transfers can disrupt the supply and demand balance, he said. Especially short -term investors were cautious against price fluctuations. The same day bitcoin 
$95,293.43 %decrease in, affecting other crypto currencies. Dgecoin’s rise to $ 0,3043 during the day and then declined, increased uncertainty.
Macroeconomic effects and decrease in Doge
Global macroeconomic developments deeply affected the crypto money market. Donald Trump’s statements on trade policies have led investors to get away from risky assets. Dgecoin’s depreciation came to the fore as one of the remarkable elements in this process.
However, some analysts said Elon Musk’s support for Dogecoin could have positive effects in the long run. On the other hand, high volatility and macroeconomic uncertainties in the market limited short -term optimism. Investors closely monitor the effects of Fed’s interest policies and global tension on the crypto currency market.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
