A massive influx of Dogecoin (DOGE), equivalent to over $106 million, has just been deposited into Binance’s hot wallet from an unknown address. This substantial transfer is raising eyebrows as it prompts questions about the intentions behind such a large movement of tokens. 🚨 While the sending wallet remains unidentified, the mysterious whale has previously engaged in significant DOGE transactions, with both inflows and outflows exceeding billions in value. 🤯 Binance’s Dogecoin holdings were boosted by this transaction, becoming one of the largest in the space. The transfer comes amidst a period of price stagnation for Dogecoin, which has remained within a narrow range between $0.20-$0.24 since August began. This sudden injection of supply into the market may impact DOGE prices and stir uncertainty among existing investors. The exact reaction of the DOGE market to this event remains to be seen.