The cryptocurrency network @DogeWhaleAlert, which monitors huge DOGE transfers, has made numerous significant Dogecoin transactions public. Over 100 million DOGE have been transferred between these wallets as a whole.
One of these substantial quantities of DOGE was delivered to the Binance exchange. This occurred when Dogecoin was making efforts to recoup some of its most recent losses.
Whales move 100 million DOGE, 1/5 goes to Binance
According to the aforementioned source, five significant transactions of the meme coin DOGE worth between 10 million and 30 million DOGE were made over the course of the previous 20 hours.
DOGE increased by 3.76% during the last 24 hours. After that, there was a decline, and since yesterday morning, DOGE has increased by 2.35%. This will allow you to lock in some earnings from the sale of the 14,835,380 Dogecoins you paid to Binance.
The largest of the aforementioned transactions included 30,387,325 DOGE, while the smallest involved 10,000,000.
DOGE rises on Elon Musk’s tweet
Elon Musk’s response to a tweet about “Doge” and the increase in DOGE’s price on May 17 were related events. Twitter user Billy Markus and Elon Musk were tagged in a post about a woman’s dog that used the nickname “Doge.”
Then, Dogecoin increased by slightly more than 3%. Elon Musk’s remarks regarding DOGE were able to guarantee the meteoric development of this original joke coin as early as a few of years ago.
Now, though, the famous meme enthusiast and Twitter leader frequently includes other coins in his tweets, driving their value into the roof. Milady Meme Coin (LADYS), one of the most recent examples of that, had a rise of over 12,000% when Musk mentioned it in the form of a meme picture.
