Dogecoin miners dump as much as 240 million DOGE since March doge dogearmy dogecoin dogecommunity dogechain dogefamily dogeusdt
showed an increase of more than 20% on April 3. If we take a closer look, it turns out that 80 million DOGE were sold the week before, and only 10 million less the week after. At the same time, the price rose by 45% and fell by 21% during this time. That is, it can be said that Dogecoin miners were not the beneficiaries of this pumping.Whether miners continue to get rid of their reserves and increase the tempo of the selling remains an open question.
It may seem that 4.5 billion DOGE is a small amount of holdings against a circulating supply of nearly 140 billion coins. Nevertheless, miners have been steadily selling their Dogecoin since 2017, and sooner or later, this volume will be flushed onto the market anyway.
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