A significant transfer of over 104 million DOGE, valued at roughly $20 million, has been made from an inactive wallet to Coinbase late Saturday night. This move was first reported by Whale Alert and triggered a surge in speculation within the crypto community. The address, DNbYuLjGbdiqcv39grmE1ahkMU19Y5dFND, hadn’t seen any outward activity since 2021, when it received its initial Dogecoin deposit. The transfer involved a single, immediate transfer of the entire balance with no leftover dust. This sudden move from an inactive wallet has raised questions about the potential motivations behind it. 🚨 The $104 million DOGE transfer (equivalent to $20,090,304 USD) can be seen here: https://twitter.com/whale_alert/status/1655872157724804408 It’s worth noting that the move coincided with Dogecoin’s recent decline after peaking around $0.23 in mid-May, falling to around $0.188 by the time of this transaction. This drop puts the transfer within the low point of the coin’s recent price movement, leaving observers wondering whether it signals an exit at a bottom or a buy-the-dip strategy by a large investor. The timing and magnitude of the transfer have prompted analysis as to whether it reflects a concerted move by a whale looking for quick profit or a strategic move within Coinbase’s ecosystem.