Whale Profits $1.7M in DOOD Sale Amid Upbit Listing

On October 7th, a whale address executed a major sale, offloading 1.43 billion DOOD for 2.27 million USDC after Upbit’s announcement led to a 180% price surge.

This transaction underscores the volatile nature of meme coins and highlights the potential for substantial profits amid exchange listing announcements.

Whale Sells 1.43 Billion DOOD for $2.27M USDC

Onchain Lens data reports that a whale capitalized on market conditions by selling 1.43 billion DOOD for 2.27 million USDC, achieving a 1.7 million USD profit. Two weeks earlier, the same whale acquired DOOD for $570,000, marking a strategic trading maneuver. Market movement was influenced by the Upbit listing announcement, a move that heightened speculative trading within the cryptocurrency community. Official statements from key stakeholders or response strategies have not been disclosed, emphasizing the trading dynamics driven primarily by timely news and whale activities.

Although we are unable to provide direct quotes or attributions due to a lack of available statements in the search results, the context provided highlights the speculative nature of the cryptocurrency market in light of significant exchange listings.

Although we are unable to provide direct quotes or attributions due to a lack of available statements in the search results, the context provided highlights the speculative nature of the cryptocurrency market in light of significant exchange listings.

Meme Coin Volatility: DOOD Surges 180% Post-Listing

Did you know? In similar historical instances, meme coins listed on major exchanges often surge before stabilizing, as speculative fervor wanes, resembling prior patterns seen with tokens like DOGE.

CoinMarketCap reports Doodles (DOOD), priced at $0.02, saw its market cap reach 123.06 million USD. The trading volume increased by 565.22% over 24 hours, alongside a 128.41% price jump. Over the past 90 days, DOOD surged by 512.36%, driven by sustained demand and exchange listings. Coincu Research highlights that this event underscores the volatility tied to meme coin markets, where listing announcements can prompt rapid but typically short-lived price movements. Experts caution that such spikes often precede market corrections, a pattern observed across various meme tokens following major exchange listings.

Experts caution that such spikes often precede market corrections, a pattern observed across various meme tokens following major exchange listings.