As gotten from the Whale Alert, a whopping over 407 Million DOGE ($32.21 million) were moved by whales in two separate transactions.
Whales Move A Whopping over 407 Million DOGE
The tweet released by Whale Alert noted that a sum of 107,755,489 DOGE was transferred from an unknown wallet to Binance, the world’s largest exchange by 24 hours trading volume.
Another transaction was initiated a few hours after the first transaction through which the whale moved a whopping 299,999,998 Dogecoins ($21.56 million) to another unknown wallet.
The sudden move of a massive amount of Doge lately can be traced to the sudden spike in the price of Dogecoin the moment Elon Musk’s Twitter deal was brought up again.
Elon Musk’s Twitter Deal
Elon Musk posted shared a picture yesterday which showed him going to Twitter headquarters in San Francisco ahead of the court-ordered deadline to conclude the $44 billion deal. Musk can complete the deal by Friday, October 28.
The update got the whole Doge community excited, believing the deal will definitely be in favour of Doge. However, the canine-themed cryptocurrency has soared in different aspects recently. Data from leading cryptocurrency aggregator Coingecko shows that Dogecoin’s price is up 20.2% and is currently changing hands at $0.079.
LunaCrush also shared the news about Musk’s takeover of the Twitter as Leading cryptocurrency social intelligence platform LunarCrush noted that Dogecoin’s social dominance started on a strong note this week.