Bitcoin's Mining Pool Sells 12 Million BTC Amid Market Volatility

DOGE Loses 65 Million Coins in Massive Sell-Off

In a shocking turn of events, Dogecoin's mining community has sold off a staggering 65 million coins, sending the cryptocurrency's value plummeting. The sudden sell-off has left the community reeling, with many wondering what sparked the massive exodus of DOGE from the market.

According to data from Dogecoin's blockchain, a total of 65 million DOGE was sold by miners in the past 24 hours, with the majority of the sales occurring in the past few hours. This represents a significant portion of the total supply of DOGE, which currently stands at around 130 billion coins.

The sudden sell-off has had a devastating impact on DOGE's value, with the cryptocurrency's price plummeting by over 20% in the past 24 hours. At the time of writing, DOGE is trading at around $0.0025 per coin, down from its previous high of $0.0035 just days ago.

The reasons behind the massive sell-off are currently unclear, but many in the DOGE community are speculating that it may be related to changes in the cryptocurrency's mining rewards. DOGE's mining reward structure is designed to incentivize miners to secure the network and verify transactions, but some have suggested that the current reward schedule may be too low to justify the cost of mining.

In the wake of the sell-off, many DOGE holders are left wondering what the future holds for the cryptocurrency. With the majority of DOGE still held by individual investors and traders, the sell-off has left many feeling uncertain about the future of the cryptocurrency.

As the DOGE community continues to grapple with the aftermath of the massive sell-off, many are left hoping that the cryptocurrency's value will recover in the coming days. However, for now, the future of DOGE remains uncertain.