Recently released blockchain data shows that in the last hour, whales have transferred substantial amounts of Dogecoin and MATIC
The @DogeWhaleAlert Twitter account has detected three transactions that shifted astounding amounts of the most popular meme cryptocurrency, Doge. Meanwhile, whales have shifted over around 33 million Polygon (MATIC).
Whales move around 10 million Dogecoins
Anonymous portfolios transferred 5,068,594, 4,222,364 and 4,361,456 DOGE. These crypto sums total $ 2.389 million in fiat. Oddly enough, the commission fees for any of these transfers did not exceed $ 2.
Elon Musk praises Doge, lambasts Bitcoin
Doge transaction fees are widely known to be much lower than those paid on the Bitcoin blockchain, and faster as well. These were among the main factors as to why Elon Musk favors Doge as a currency for payments over Bitcoin. He believes the latter to be only a digital store of value.
Recently, he said in an interview that Dogecoin is fundamentally better than any other coin he has seen. Further, he claimed that for 2021 and the next 10 years, BTC is “comically slow”.
To back his confidence in this meme crypto, in December, Musk announced that Tesla will begin selling merchandise for Dogecoin as an experiment.
Doge developers announce first roadmap in history
Earlier this month, U.Today announced that the developers of Dogecoin have unveiled a roadmap on the path the project needs to take over the next few years.
The roadmap intends to boost the coin’s adoption and utility. It includes the creation of eight new projects related to Dogecoin. Among them will be the redesign of the Dogecoin.com website, as well as Libdogecoin and the GigaWallet. The latter will allow users to add Doge payments to their projects via an API solution.
$ 86 million in MATIC in motion
Crypto-tracking data provider Whale Alert has spotted two major MATIC transfers made between unknown crypto wallets.
Each transfer carried slightly over $42 million and $43 million: 16,487,354 and 16,487,355 MATIC.
Polygon (MATIC) is currently trading at $ 2.60, posting a rise of 4%.
As reported by U.Today recently, MATIC has lost its “status” as the most-traded token by the top 1,000 ETH whales to UNI. At the moment, Polygon’s native token holds the 10th spot among the assets held by the top 1,000 Ethereum whales.
