Dogecoin (DOGE) is back in focus as whale activity ramps up despite the latest market correction. New on-chain data reveals that millions of DOGE are being transferred from Binance to private wallets, suggesting that major holders may view the current pullback as a prime entry point. With prices sliding from recent highs, whales also appear to be seizing the opportunity to accumulate tokens at a discount.

Whales Move Millions Of Dogecoin From Binance

On-chain data from multi-chain AI analytics platform Nansen has sparked renewed interest in Dogecoin after a major transaction was spotted on the blockchain. According to the platform, a newly created wallet withdrew 32.9 million DOGE, worth approximately $6.96 million, from Binance on August 26.

Notably, large withdrawals

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