According to Whale Alert, approximately 122.3 million DOGE, valued at roughly $28.5 million, was withdrawn from exchanges and transferred to an unknown wallet.
This significant movement immediately triggered discussions across social media platforms, with traders attempting to decipher whether these coins were destined for long-term storage, an over-the-counter (OTC) deal, or potentially the beginning of another accumulation phase. However, analysts suggest that a fast-growing PayFi project is more likely to deliver substantial gains.
Is Dogecoin Set for a Major Pump?
This development occurs as Dogecoin trades just below its recent rally highs, experiencing a cooldown after weeks of institutional interest in meme assets. At the time of reporting, DOGE was trading around $0.18, maintaining a market capitalization close to $35 billion, a slight decrease from its late-third-quarter peaks.
Nevertheless, any substantial movement by large holders, often referred to as "whales," has taken on new significance in the current market. Following months of volatility, traders are increasingly sensitive to wallet activities that could indicate shifts in supply and demand dynamics.
It is not the first instance of whale transfers influencing market sentiment. In August, nearly 900 million DOGE were transferred to Binance, which briefly tempered price momentum and unsettled short-term sentiment. This time, however, the opposite flow—coins leaving an exchange—has led many to speculate whether whales are quietly positioning themselves for a significant upward price movement.
Regardless of whether this latest withdrawal leads to a price surge or is merely a portfolio rebalancing, the market's reaction underscores Dogecoin's continued relevance in 2025.
Is Remittix the Best Crypto to Buy Now for Massive Returns?
While Dogecoin garners attention, analysts are increasingly highlighting Remittix (RTX) as a promising project poised for significant growth. Unlike Dogecoin, which often relies on hype, Remittix is actively developing a real-world payment network with global, bank-level payout capabilities.
The project's wallet beta is currently live and accessible for community testing. To date, over 681 million tokens have been sold, raising more than $27.7 million. Remittix has confirmed listings on BitMart and LBank, with a third listing in progress. Investors can also benefit from a 15% USDT referral program, a $250,000 giveaway, and a limited-time RTX50 code offering a 50% token bonus as the presale approaches the $30 million milestone.
Remittix's strategic focus on payment solutions, rather than meme culture, distinguishes it as a compelling cryptocurrency investment, particularly for those seeking projects with tangible utility beyond speculative trading.