Today, Monday, April 7th, it seems that everything is happening everywhere at once, like the film “A24”, which was released all at once.
Despite the fact that Black Monday is expected for three days, today’s media is full of massive, sudden, massive events, shifts, lightning-like opinions, controversy, doubt, greed and fear, that is, everything – truly disrupted landscapes.
Plus, the massive transfer of 300,000,000 Dog Coins (DOGE) just hit the world’s largest cryptocurrency exchange, a massive chunk of major meme coins worth $41.77 million.
🚨300,000,000 #Doge (41,771,081 USD) transferred from unknown wallet to #BinanceHTTPS://t.co/TBCCJ8DDBT
– Whale Alert (@Whale_Alert) April 7, 2025
What does such transfer mean in the common sense of crypto market participants? Someone is trying to throw all this Dogecoin volume directly into your order book and creates 300,000,000 Doge Sell Walls.
If you try to dig deeper, you may notice that the address “DU8GPC5” is not full of activity. However, it is rich in Dogecoin, sending 300 million Doges directly to Binance, with an additional 429 billion coins worth around USD 606.75 million in funding.
From this perspective, the amount sent by this unknown major Dogecoin backer in exchange is only 7% of the total Doge Stash.
Knowing this raises questions: Is it time to panic? It doesn’t seem like it will happen. However, the message from the whale alert looks threatening and adds to the overall vibe of chaos.
The market seems to stay in this mood for a while, but still, doing your own research and not falling into a first impression.
