Dogecoin whales have been moving millions of dollars worth of DOGE ever since Elon Musk, the CEO of Tesla, decided to change the Twitter icon to the Dogecoin logo. Over $182 million worth of the largest meme coin was moved within a few hours this week amid its sudden surge in price.
It’s worth noting that DOGE jumped from trading around $0.077 on Monday to a high of $0.102 on Tuesday, a surge of more than 32%.
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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.
According to the Blockchain-monitoring service Dogecoin Whale Alert, the biggest whale transaction involved a top-20 DOGE wallet sending 650 million DOGE worth over $65.49 million to another top-20 DOGE wallet.
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Other large DOGE transactions monitored by Dogecoin Whale Alert include:
At the time of writing, DOGE is trading at $0.09565, with a relatively 1% price downtrend in the last 24 hours.
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