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Data shared by public blockchain tracking platform Whale Alert revealed anonymous transactions that carried hundreds of millions of coins recently Doug It was revealed. Some cryptocurrency enthusiasts in the comments believe that there is a massive cryptocurrency dump going on.
These transactions coincided with a significant drop in Dogecoin prices as the meme coin printed a long red candle on the hourly chart.
816 million Dogecoin on the go
Whale Alert became aware of anonymous cryptocurrency wallets transferring two large batches of Dogecoin – 466,890,148 and 350,000,000 DOGE worth $149,137,073 and $109,962,192 at the time those transactions were initiated.
These transfers took place over a time period of just over an hour, totaling more than 816 million Dogecoins.
Details provided by Whale Alert revealed that the second, smaller transaction was made by a whale from seven blockchain addresses, transferring it to two different wallets.
As for the larger DOGE transfers, this was a cumulative transaction consisting of fifteen smaller transfers made from three different wallets.
Meanwhile, the price of the largest and first cryptocurrency Dogecoin fell by 3.44% over the past two-three hours and then made a slight recovery. At the time of writing, DOGE is trading at $0.31077 after falling from the $0.32055 level.
Related to
Elon Musk issues big DOGE certification reminder
Saturday is a technology entrepreneur and the richest man in the world Elon Musk He made a comment about possibly founding the Texas Institute of Technology and Science, which he jokingly referred to as TITS. Elon Musk shared the idea that he would like to create such a foundation in 2021.
He pointed out that tuition fees will be accepted in Dogecoin, and dog owners will receive discounts. This weekend, Katherine Boyle, a general partner at Andreessen Horowitz, tweeted that it's a good idea to start building this foundation now.
She believes they should be similar to the great military leadership academies: “1,000 of our best and brightest American engineers, selected on the basis of test scores, PSATs, and raw technical ability, with a fast track to the world's largest manufacturing and engineering companies.” The country is on the other side of graduation.”
Elon Musk commented on that tweet, agreeing with him, saying that perhaps it really is time to do so.
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