Whale moves 4B Dogecoin from Binance as DOGE tests $0.075 support

A crypto whale transferred 3.99 billion Dogecoin, worth about $300 million, from Binance to an unidentified wallet on July 7.

Blockchain tracking service Whale Alert flagged the transaction, which carried a network fee of 1.5331 DOGE, confirming one of the largest single DOGE transfers in 2026. The destination wallet has no known public association, according to Whale Alert data.

The transfer comes as DOGE network activity surged to about 50,000 active addresses on July 5, crypto analyst Ali Charts said on X. Large holders controlling more than 1 billion DOGE expanded their collective holdings to 73.85 billion tokens, a trend that suggests accumulation despite the whale move. On the two-hour chart, DOGE formed a golden cross as the 50-period moving average crossed above the 200-period moving average, following a rebound from $0.069 on June 29 to $0.079 on July 4.

DOGE traded at $0.0744, down 3.56% over the past 24 hours, as traders watched the $0.075 support level. A break below that threshold could open a path toward $0.068, while holding it may allow a recovery toward $0.081 and eventually $0.12, according to technical analysis from market observers. The weekly 50-period moving average is declining and approaching the 200-period moving average, raising the possibility of a death cross in the coming weeks.

The whale transfer adds to a week of heightened on-chain activity for Dogecoin. DOGE trading volume surged 31% to $1.26 billion, while open interest dipped 0.32% to $1.04 billion, Coinglass data shows. The relative strength index stood at 51.52, indicating neutral momentum, and the Chaikin Money Flow registered a positive 0.08, reflecting modest capital inflows.

Broader crypto markets drew support from President Donald Trump, who declared himself "a big crypto guy" during a press briefing on Monday. Bitcoin climbed 1.66% to $63,716 after the comments, helping lift the aggregate crypto market capitalization 1.04% to $2.19 trillion.

Investors are now watching the Federal Open Market Committee minutes due July 8 and weekly jobless claims on July 9 — the first records released under Fed Chair Kevin Warsh — for clues on monetary policy direction that could influence risk assets including cryptocurrencies.

This article is for informational purposes only and does not constitute investment advice.