Largest Dogecoin Whale Moves 4 Billion DOGE, Is It Elon Musk?

The most important Dogecoin whale DPDLBAe3RGQ2GiPxDzhgjcmpZCZD8cSBgZ transferred over 3.8 billion DOGE tokens to the wallet address DDuXGMFNGpGjaAqyDunSMvceMBruc1wwKF. The pockets handle “DDuXGM” has now change into the fifth largest DOGE holder. Is Elon Musk transferring DOGE or Robinhood transferring DOGE amid the market uncertainty.

Dogecoin Whale Strikes Virtually 4 Billion DOGE Tokens

Lookonchain in a tweet on December 20 revealed that Dogecoin’s largest holder “DPDLBA” has transferred 3.84 billion DOGE price $280.6 million to deal with “DDuXGM” right now.

On-chain information reveals that “DPDLBA” is the biggest holder of Dogecoin and holds nearly 25.24% provide. The pockets handle holds 34.68 billion DOGE price $2.6 billion. The second-largest holder of Dogecoin holds 7.55 billion DOGE, which is 5.50% of whole provide. Thus, there’s a enormous distinction between pockets holdings.

“DDuXGM” is now the fifth-largest Dogecoin that holds over 3.84 billion DOGE and accounts for two.80% provide. On-chain information signifies six equal transactions of 632,479,064.94 DOGE have been made out of “DPDLBA” to “DDuXGM” and a single transaction of 49,074,826.85 DOGE. Subsequently, the pockets grew to become the fifth largest DOGE holder in simply an hour.

Many consider Elon Musk is the biggest holder of Dogecoin and holds huge quantities of DOGE. Nevertheless, historic information suggests the “DPDLBA” is related to Robinhood.

Crypto buying and selling app Robinhood moved all Dogecoin from its chilly pockets right into a single pockets in July. As per blockchain pockets tracker Dogecoin Whale Alert, Robinhood moved all 41 billion DOGE it holds to “DPDLBA”. The motion might be associated to Elon Musk stepping down as CEO of Twitter.

The results of Elon Musk’s Twitter poll to step down as the top of Twitter got here out in opposition to Musk. After about 12 hours, the outcomes with greater than 17 million votes, the place 57.6% of individuals agreed that Musk ought to step down from his place at Twitter.

DOGE Value Stays Weak

Dogecoin value fell after Elon Musk advised abiding with the poll results. DOGE value dropped to low of $0.070, earlier than rising once more to excessive of $0.078 within the final 24 hours. Additionally, the DOGE value is at the moment buying and selling at $0.074, down almost 6% in a day and 16% in per week.

The DOGE value is predicted to stay weak this month, as Bitcoin price risks losing its support level amid market uncertainty.

Additionally Learn: How Japan Monetary Policy Will Impact Bitcoin, Ethereum Price

Varinder is a Technical Author and Editor, Know-how Fanatic, and Analytical Thinker. Fascinated by Disruptive Applied sciences, he has shared his information about Blockchain, Cryptocurrencies, Synthetic Intelligence, and the Web of Issues. He has been related to the blockchain and cryptocurrency trade for a considerable interval and is at the moment overlaying all the most recent updates and developments within the crypto trade.

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