Mysterious Wallet Withdraws 10 Million Dogecoin from Binance, What Happened?

Jakarta, Pintu News – After nearly two years of inactivity, an unknown crypto wallet has returned to action by withdrawing a large amount of Dogecoin from Binance. The transaction involved the withdrawal of 10,366,683 DOGE, which is worth over $2.25 million based on the current Dogecoin price.

This activity drew attention as the wallet previously only contained Ethereum and a few stablecoins during 2021-2022 before disappearing from the radar.

Transaction Analysis

Initially, the Binance hot wallet saw a reduction of 10.266 million DOGE, which is estimated to be worth around $2.23 million. Prior to this large transaction, there were two withdrawals of smaller amounts of 100,000 DOGE and 199.88 DOGE. After this series of transactions, the final balance on the recipient’s wallet stood at 10.367 million DOGE and 1 Binance Coin , totaling a little over $2.25 million.

Also Read: 3 Major Factors that Could Drive a September 2025 Bitcoin (BTC) Rally!

Speculation and Market Impact

This wallet activity puts the spotlight back on Dogecoin which is currently trading at $0.218. Despite being called the “king of meme coins”, Dogecoin is still consolidating in the horizontal channel that it has formed throughout this year.

With resistance around $0.35 and deeper support near $0.09, price volatility has narrowed. This activity from one of the major holders adds a new dynamic to the Dogecoin market analysis.

Dogecoin Price Outlook

While nothing is certain yet, this latest activity could be an indicator that Dogecoin may be gearing up for a northward price movement. Technical analysis suggests that if this momentum continues, there is potential for a price increase. However, investors and market watchers should remain wary of the fluctuations that may occur as a result of large transactions like this.

Cover: The Future of Dogecoin

This latest activity shows that although Dogecoin is often seen as a speculative asset, there is still great interest from large holders. The return of this long-dormant wallet to the market may be a signal for other investors to take another look at Dogecoin in their portfolios. Whether this will lead Dogecoin to higher price levels remains to be seen, but the crypto market is always full of surprises.

Also Read: 4 Reasons El Salvador Moved IDR11 Trillion in Bitcoin: Protection or Sell Signal?

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• U.Today. Doge Out of Binance as Dogecoin Whale Turns Meme Coin Bull. Accessed on September 8, 2025