A recent whale transaction caught the attention of DOGE holders. The blockchain tracker “Whale Alert” uncovered a multi-millionaire transfer that could indicate an incoming price dip in the world’s largest memecoin’s value.
According to the data, around $7,800,000 worth of $DOGE was transferred from an unknown wallet to the exchange Robinhood. While the intention of the transaction is unknown, the most likely scenario points to the investor swapping the amount to another currency.
While the community expected this episode to result in a price dip for Dogecoin, the currency is currently trading at 0.50% gains over the past 24 hours.
Doge Price Analysis
While daily profits are a well-welcomed reward by Dogecoin investors, the larger picture of the asset’s performance is not as positive.
The currency has been stuck in a “limbo” for nearly 2 years. Since May 2022, Doge has been effectively trading sideways, with occasional spikes reaching above $0.10. At this time of writing, the crypto is valued at $0.78, trading at a near 2% deficit in the monthly charts.
Data from CoinMarketCap shows an even more worrying 15% loss over the past 12 months. During that time frame, Dogecoin has been bombarded with news related to Elon Musk’s Twitter endeavor.
Not even the potential of the currency has to be a part of Musk’s idea for transforming the social media platform into a payment system that was able to cause an upward breakthrough in $DOGE’s value.
Blockchain analysis platform “IntoTheBlock” shows that nearly 40% of dogecoin holders are at a loss for their initial investment. Furthermore, its prediction analysis indicates that over 83% of indicators are either “bearish” or “neutral”.
Mollars Recovers its Official Website
In other news, the new project gaining rapid popularity among Ethereum blockchain users has successfully recovered its “.com” domain.
Mollars, a store of value token designed to save millions in cross-chain fees, recently saw its official website “mollars.com” taken from, without any explanation as to why. The episode happened last week and left thousands of investors worried about the future of the project.
In the meantime, the Mollars team reassured the community that this technical difficulty was not their fault. As to not leave the public hanging, the project launched the alternate “mollars.cc” version where traders could track the token presale updates and buy more $MOLLARS.
After recovering its official domain, the “.cc” version now redirects to “mollars.com”.
Njalla, The Service Provider Who Tried to Take “Mollars.com”
The unexpected event happened after domain service provider “Njalla” snagged the URL from the project.
Njal.la is a questionable “anonymous domain host”, created by the former convict “Paul Sande”, best known as the founder of Piratebay. According to sources, the company felt within its right to snag the URL, despite Mollars having a valid contract for the domain use.
The domain host’s official website is adamant that clients “have the full control over the domain name”, but its business practices say otherwise. In truth, the company sees itself as more of a “lender” than an actual domain provider, and that could cause a conflict of interest between the two parties.
Today there are hundreds of complaints online from former clients who had their products taken from them by Njalla. Some reviews even go further as to say that the company lifted their websites, only to resell the domain at a significant profit in auctions.
Given the popularity that Mollars has seen over the past month, the brand “mollars.com” has also significantly increased in value over that period. Perhaps, given the company planned on reselling the domain for hundreds of thousands of dollars in the future.
However, this could result in a class-action lawsuit as Mollars became a figurehead that represents thousands of investors and moved millions of dollars.
Mollars Presale Continues
After the turmoil has passed, the currency is celebrating reaching the milestone of selling over 13% of its total supply.
Over 1,314,278 $MOLLARS have been sold, representing more than a third of the total presale supply. The project aims to reach 4 million tokens by May. However, with its increasing popularity, funding could conclude sooner if the hard cap is reached.
The currency is currently being offered at $0.50, with an expected ICO price of $0.62.
