Home Altcoin Dogecoin Witnessed Massive Whale Transaction in Last 24 Hours

Dogecoin Witnessed Massive Whale Transaction in Last 24 Hours

  • A dormant address that contains 1,215,614 Dogecoin activated after 9.3 years.
  • Elon Musk’s influence may help Doge reach its all-time high.

Whale Alert, the tracker and analyzer of cryptocurrency transactions through the blockchain reported that a dormant address that contains 1,215,614 Dogecoin, which is worth 116,460 USD, has been activated after 9.3 years. 

In recent times, Doge has become popular in the crypto market after Elon Musk changed the Twitter logo into Dogecoin’s logo. The coin has exploded, with an impressive increase in trading volume of around 20% in the past 24 hours.

Doge Price Surged Over 3.65%

Whale Alert reported that there have been three massive Doge whale transactions in the last 24 hours. According to the report, there are 650,000,000 Doge worth 65,559,028 USD transferred from an unknown wallet to another unknown wallet. 

The second transaction was 300,000,000 Dogecoins worth 27,687,117 USD transferred from an unknown wallet to another unknown wallet. And then recently, 500,000,000 Dogecoin, worth 47,642,065 USD, was transferred from an unknown wallet to another unknown wallet. 

There has been a lot of whale activity in Doge since the change in the Twitter logo. 1.4 billion Dogecoins have been moved in the last 24 hours. Moreover, all transactions came after the Twitter logo change. 

At the time of writing, the trading price of Doge is around $0.09556, with surges of over 3.65% in the last 24 hours according to CoinMarketCap. Elon Musk’s influence may eventually make a comeback for Dogecoin, and it might reach its all-time high. 

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