112,382,564 DOGE transfer to Binance: A transfer of 112,382,564 DOGE, worth 48,717,014 USD, was sent from an unknown wallet to Binance. Such movements often suggest liquidation potential or strategic financial diversification as these are common reasons for moving large amounts to MAJOR exchanges.

Market downturn and liquidations: Dogecoin experienced a 5.35% decline, falling to 0.44 USD amidst a market-wide sell-off. Liquidations in the cryptocurrency market totaled 495 million USD over the past 24 hours, reflecting a significant wave of profit-taking and potential volatility.

Increased Dogecoin transactions: There was a 41% increase in Dogecoin’s large transaction volumes, reaching 23.35 billion USD. Concurrently, active addresses grew by 34.91%, totaling 157,190. These metrics indicate a surge in engagement from whales and institutional investors in recent developments.