Whales Ship 34M Dogecoin Amidst Price Dip

Roughly 34 million Dogecoins worth around $2 million were moved by anonymous large-scale investors most popularly known as whales.

According to data from a top crypto tracking service, Whale Alert, a sizable sum was transferred to a Binance wallet with the intention of selling the meme token because its price has not yet caught up to the market’s bullish trend.

Dogecoin, at the time of writing this post, was exchanging hands at $0.07, down by 3% on the weekly index.

Shortly after the move, another transfer of 350 million DOGE took place between two anonymous wallets all in a span of a few hours.

At the time the transaction was made, this number of meme tokens was worth over $26 million. This transfer was identified as one between the top 20 wallets by the @DogeWhaleAlert DOGE transaction tracker.

That being said, the OG meme token was in the spotlight for its listing across several leading crypto platforms.

As reported by TronWeekly, Unstoppable Domains, a well-known distributor of Web3 domains, announced adding the token as payment for domain purchases.

With this inclusion, the eighth-ranked crypto joined the list of its bigger rivals such as Bitcoin [BTC], Ethereum [ETH], and Litecoin [LTC] into Unstoppable Domains’ digital asset payment services.

The popular memecoin also scored entry for trading at the Philippine crypto exchange Coins.ph.

The listing gained significance because Coins.ph, one of the first cryptocurrency exchanges to be established in the Philippines in 2014, has more than 16 million members globally.

Meanwhile, Dogecoin was recently identified as one of the digital currencies with a serious vulnerability in its coding.

A Major Vulnerability In Dogecoin’s Open-Source Code Averted

A top security firm Halborn discovered a serious flaw in the open-source code of multiple blockchain networks, including Dogecoin. Around $25 billion in digital assets are at risk due to this vulnerability, known as Rab13s.

In its blog, Halborn said that while entrusted with analyzing the Dogecoin open-source software, it found multiple exploitable flaws that, when brought to the attention of the Doge team, were corrected.

The Florida-based firm also came up with an exploit kit for Rab13s, complete with a proof of concept that includes programmable parameters to simulate attacks on various networks.

The kit also includes all the technical data essential to identifying stakeholders who can assist in fixing bugs and releasing critical updates for the general public and miners.