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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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.
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