Elon Musk’s Dogecoin Whale Empties Binance, Over $12 Million Gone

A significant shift in Dogecoin (DOGE) trading activity has occurred as a large whale liquidated over 52.9 million DOGE from the world’s largest cryptocurrency exchange, Binance. This move removed approximately $12 million worth of liquidity from the platform. The withdrawals were made in two separate tranches, first 32.9 million DOGE followed by another 20 million, both transferred to a newly created wallet that now holds all the coins.