<ul><li>On-chain data shows a Dogecoin whale has made a large deposit to the Binance exchange, which could be bearish for DOGE’s price.</li><li>The transfer involved 112,382,564 Dogecoin tokens worth around $48.7 million.</li><li>Transfers of this type, where coins flow from a self-custodial address to an exchange, can lead to a bearish outcome for the memecoin’s price.</li><li>Dogecoin has observed a 7% plunge in price during the last 24 hours, reaching the $0.436 level.</li></ul>

Dogecoin Whale Makes $48 Million Binance Deposit, Bearish Sign?

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