Sudden huge transfers of major cryptocurrency Dogecoin (DOGE) The cryptocurrency platform was rocked today, with 600 million coins traded in just 10 minutes Whale alert I mentioned. $231.57 million worth of DOGE was transferred in two tranches. The addresses used are "D78RSZm" and "DQhgaRJ", where the former is the sender and the latter is the recipient.
It is interesting to note that the sender's wallet is one of the richest Dogecoin holders, currently ranking 18th with over 761 million DOGE, equivalent to about $310 million. Meanwhile, the recipient wallet also made it to the DOGE rich list through a recent transfer and is now the 21st largest meme coin overall.
Thus, we can say that in just 10 minutes, Dogecoin experienced the largest change in wealth in its recent history, while also adding a new member to the DOGE rich list. Naturally, both addresses can belong to the same entity.
The interesting thing is that they probably are not affiliated with any exchanges. At least the story on the series doesn't have a poster. This is good, because in this case, Dogecoin Enthusiasts may be hoping for some volatility, as the move was not an internal exchange and thus may cause a ripple effect at some point on the pair. Dogecoin price table.
We may already be seeing some of this, as DOGE is up over 10% during today's trading session, with most of the rally occurring immediately after the move was made.
There is sure to be more of a shift in DOGE's fortune, so it's best to keep an eye on what's next for the popular meme coin.
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