Dogecoin (DOGE) whales transferred more than $182 million worth of the top meme coin in a matter of hours this week amid the crypto asset’s sudden spike in price.
DOGE jumped from trading around $0.077 on Monday to a high of $0.102 on Tuesday, a surge of more than 32%.
The price rally happened after Elon Musk suddenly changed Twitter’s icon to the DOGE logo and posted his own version of a meme template featuring the DOGE logo.
— Elon Musk (@elonmusk) April 3, 2023
Blockchain-monitoring service Dogecoin Whale Alert notes that the biggest whale transaction involved a top-20 DOGE wallet sending 650,000,000 Dogecoin worth more than $65.49 million to another top-20 DOGE wallet.
Other large DOGE transactions monitored by Dogecoin Whale Alert include:
- 401,255,826 DOGE worth more than $36.49 million transferred from a Binance wallet to a Binance wallet
- 300,000,000 DOGE worth more than $27.62 million transferred from a top-20 wallet to an unknown wallet
- 138,888,622 DOGE worth more than $10.68 million transferred from a top-20 wallet to an unknown wallet
- 125,000,000 1DOGE worth more than $12.54 million transferred from a top-20 wallet to an unknown wallet
- 89,900,098 DOGE worth more than $8 million transferred from an unknown wallet to an unknown wallet
- 80,000,000 DOGE worth more than $7.99 million transferred from a top-20 wallet to an unknown wallet
- 75,000,000 DOGE worth more than $7 million transferred from a top-20 wallet to an unknown wallet
- 70,000,000 DOGE worth more than $6.63 million transferred from an unknown wallet to an unknown wallet
The eighth-ranked crypto asset by market cap is worth $0.0967 at time of writing.
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Source: https://dailyhodl.com/2023/04/05/dogecoin-whales-abruptly-transfer-over-182000000-in-doge-as-top-memecoin-erupts-heres-where-the-crypto-is-going/