• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Dogecoin price plummeted, the land of’whales’ disappeared almost 16 billion USD

190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

[ad_1]

Electronics retailer Newegg accepts Dogecoin payments

The cost of Dogecoin has dropped nearly 70% since its peak in May, resulting in a whale investor’s wealth to fall from $24 billion to $8.2 billion.

Related articles

Bitcoin is at $67K but analysis warns BTC price could drop 10% next

Bitcoin is at $67K but analysis warns BTC price could drop 10% next

May 20, 2024
Avalanche (AVAX) price is among the few altcoins that have dropped sharply

Avalanche (AVAX) price tag is amid the couple of altcoins that have dropped sharply – Bitcoin News 2024

April 16, 2024

According into CoinDesk, the purchase price of Dogecoin dropped by 22 percent in the past 24 hoursdown to just 0.2 USD/dong on June 22. Since the summit of 0.7 USD/dong in ancient May, Dogecoin cost has vanished 70%.

On Twitter, cryptocurrency analyst Tyler Durden prediction that the purchase price of Dogecoin will dive to $0.05 per coin and “even Elon Musk can’t save Dogecoin”.

According to Business Insider, a Dogcoin investor owns around 37 billion dong, equal to 28 percent of Dogecoin supply, and this cryptocurrency is worth more than $24 billion in the start of May. This investor didn’t even sell. When Dogecoin price surfaced.

However, the catastrophe of the cryptocurrency market pushed the cost of Dogecoin down radically. Currently, the complete value of Dogecoin this investor is holding is just about 8.2 billion USD.

Dogecoin price plummeted to 0.2 USD/dong.  Photo: CoinDesk.
Dogecoin price plummeted to 0.2 USD/dong. Photo: CoinDesk.

One crypto expert suggested that this “whale” investor might be a cryptocurrency exchange. Rumor has it Robinhood exchange is the topic of this massive amount of Dogecoin.

Despite the fall in the purchase price of Dogecoin, lots of individuals still feel that this cryptocurrency can become a helpful payment tool. To date, some US companies have approved payment in Dogecoin.

Despite that the 70% dip, the Dogecoin cost remains up 4,100% Nominal.

Maybe you’re interested:


Join our station to upgrade the most useful news and knowledge at:

According to Zingnews
Compiled by ToiYeuBitcoin

.

[ad_2]

Tags: billionDOGE CoinDogecoinevaporatedplummetedPricepropertyUSDWhales
Share76Tweet48

Related Posts

Coinbase Acknowledges TaskUs Data Breach Four Months Later

by shark
June 3, 2025
0

Coinbase discloses a data breach involving TaskUs employees in India, impacting financial markets and raising security concerns.

Bitcoin Faces Volatility After 8% Correction and Leverage Flush

by shark
June 3, 2025
0

Bitcoin correction triggers market volatility. Key figures and global factors influence derivatives and risk assets.

Classover Raises $500M for Solana-Centric Treasury Strategy

by shark
June 3, 2025
0

Classover Holdings signs a funding agreement with Solana, highlighting a major move in integrating blockchain finance into corporate strategies.

Aptos Labs CEO to Testify on Digital Assets

by shark
June 3, 2025
0

Aptos Labs CEO Avery Ching to testify at U.S. House hearing on digital assets, signaling significant regulatory insight.

Ethereum Foundation Restructures for Enhanced Network Scaling

by shark
June 3, 2025
0

Ethereum Foundation reorganizes to prioritize scaling, blobs, and UX enhancements amid market shifts.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Arbitrum Up 7.7%, Toncoin Hits $3.21, But Could Qubetics Be the Real Top Altcoin for Huge Gains?
  • Shiba Inu & Monero Show Weakness, Analysts Favor Web3 ai for its 500x Upside Ahead
  • Unstaked Nears $10M, Uniswap Surges & XRP Slows Down
  • Qubetics, Aptos, and Toncoin Set 2025 Ablaze as Top Cryptos to Invest in Today
  • BlockDAG Hits $282M, $0.0018 Entry Open Until June 13
  • Powell’s Inflation Comments Stir Uncertainty—Yet Qubetics, Algorand, and Filecoin Remain the Top Coins to Join Today
  • Coinbase Acknowledges TaskUs Data Breach Four Months Later
  • Arctic Pablo, Artificial Liquid Intelligence, and Shiba Inu Updates: Top Meme Coins to Invest in This Week
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7