Large Dogecoin (DOGE) whales are on the move, shifting over half a billion tokens as the crypto markets continue to see red.
The whale-watching bot Dogecoin Whale Alert reports that deep-pocketed holders of the top meme coin have relocated 527,909,756 DOGE worth over $34.63 million in the last 24 hours alone.
One of the largest transactions in the past day involves a massive whale transferring 148,648,464 DOGE worth $9.83 million to a top 20 Dogecoin wallet – only paying less than $5 in transfer fees.
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148,648,464 $DOGE ($9,831,758 USD) was transferred from a #Top20 wallet to a #Top20 wallet.
Fee: 4.87 ($0.32 USD)
Tx: https://t.co/P7Nkz3oG9n#DogecoinWhaleAlert #WhaleAlert #Dogecoin #CryptoNews
— Ðogecoin Whale Alert (@DogeWhaleAlert) March 10, 2023
Another transaction witnessed the transfer of 86,188,336 DOGE worth $5.61 million from a wallet of unknown origin to a top 20 Dogecoin wallet. The whale paid about $2.49 in fees to relocate the large Dogecoin trove.
The other large transfers of the day mostly involve the movement of large Dogecoin stacks from multiple wallets to either a top 20 Dogecoin address or a wallet of unknown origin. Two transactions saw the the relocation of Dogecoin troves between unknown wallets.
- 59,387,150 DOGE worth $3.88 million transferred from multiple wallets to a top 20 Dogecoin wallet
- 52,083,860 DOGE worth $3.39 million transferred from multiple wallets to a top 20 Dogecoin wallet
- 50,000,000 DOGE worth $3.24 million transferred from multiple wallets to an unknown wallet
- 30,499,998 DOGE worth $2.01 million transferred from unknown wallet to another unknown wallet
- 27,915,000 DOGE worth $1.84 million transferred from unknown wallet to another unknown wallet
- 24,000,000 DOGE worth $1.58 million transferred from multiple wallets to an unknown wallet
- 16,500,585 DOGE worth $1.07 million transferred from multiple wallets to an unknown wallet
- 16,467,753 DOGE worth $1.07 million transferred from multiple wallets to an unknown wallet
- 16,218,610 DOGE worth $1.05 million transferred from multiple wallets to an unknown wallet
At time of writing, Dogecoin is trading for $0.067. The leading meme crypto asset is down nearly 13% in the last seven days.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/jamesteohart/MrArtHit
Source: https://dailyhodl.com/2023/03/11/dogecoin-whales-move-527909756-doge-amid-sustained-market-correction-heres-where-the-crypto-is-going/