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%.
Read Also: OKX Launches Flexible Staking for XRP, Shiba Inu (SHIB), and Dogecoin (DOGE)
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.
Read Also: Users Can Now Purchase Ethereum, Dogecoin, Stellar Lumens, and Three Others Using Coinstar Kiosks
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.
Follow us on Twitter, Facebook, Telegram, and Google News
If you're looking to invest in the best coins to buy today, Qubetics, AAVE, and…
The crypto market is constantly changing, and meme coins are proving to be some of…
The legal standoff between Ripple and the U.S. Securities and Exchange Commission (SEC) appears to…
Meme coins are no longer just internet jokes—they’re full-fledged investment opportunities with communities that rival…
Recent reports indicate that Russia is increasingly using cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH),…
John Bollinger, the creator of the Bollinger Bands technical indicator, has praised XRP for its…