Dogecoin (DOGE) witnessed a significant $23 million outflow from exchanges on October 9, 2025, indicating a potential shift in market dynamics. This movement suggests increased long-term holding, as on-chain analytics reveal declining DOGE balances on major exchanges, pointing to accumulation behavior by large holders. Despite the substantial outflow, there have been no immediate responses from institutional or regulatory bodies. The Dogecoin community views this development with bullish sentiment, although the Dogecoin Foundation and its developers have not commented on the situation. Founders Billy Markus and Jackson Palmer remain uninvolved in active decision-making regarding the cryptocurrency.
Dogecoin Experiences $23 Million Outflow from Exchanges
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