Whale wallet withdraws 32.9 million DOGE from Binance in 16 hours
A newly created wallet withdrew 32.9 million Dogecoin (DOGE) worth nearly $7 million from Binance exchange within 16 hours on August 26, 2025.
Blockchain monitoring platforms tracked the transfer on August 26, 2025. The wallet address begins with 0xae7c and received 32.9 million DOGE from Binance. The total value of the withdrawal was about $6.96 million.
The transfer occurred in several separate transactions over a 16-hour period. The wallet had no previous transaction history before receiving the Dogecoin tokens from the exchange.
DOGE was trading at $0.2115 per token when the withdrawal happened. Binance has reported daily trading volumes for DOGE exceeding $1 billion in recent weeks.
The wallet owner remains unidentified. Binance has not issued any official comment about the large withdrawal.
On-chain data shows the wallet address had zero balance and no activity before the Binance transfers began. All 32.9 million DOGE tokens now sit in the single wallet address.
The withdrawal represents one of the larger DOGE transactions recorded in recent weeks. Cryptocurrency exchanges typically see large withdrawals when investors want to store tokens in personal wallets rather than on trading platforms.
DOGE network activity has increased in recent weeks with higher transaction counts recorded on the blockchain. The cryptocurrency has tracked Bitcoin price movements closely during this period.
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