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Financemagnates

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Why Dogecoin Is Falling: Price Plunges Over 20% as Massive Transfer Stirs Fears

  • The price of Dogecoin has fallen over 20% following a massive transfer of 360 million DOGE to Binance.
  • The transfer has raised concerns about increased selling pressure and potential further price decline.
  • Some traders speculate that the transfer could be part of a broader accumulation strategy by a major investor.
  • The broader meme coin market, including Shiba Inu (SHIB), is also facing a downturn amid economic uncertainty.

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