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DOGE faces selling pressure after a $200 million transfer by a whale to Binance caps its recent rally. The large on-chain movement to a centralized exchange raises the prospect of sizable sell orders entering the market, which can suppress upward momentum and increase volatility. Market participants often view exchange-bound transfers of significant token amounts as potential precursors to liquidation or distribution, and the transfer is immediately affecting sentiment around DOGE’s short-term price trajectory.