Two massive DOGE transfers totaling more than 1.5 billion Dogecoin were spotted by popular cryptocurrency surveillance service Whale Alert between anonymous wallets. The sender and the recipient in both transactions were the same, according to information given by Whale Alert. Therefore, 1.5 billion DOGE were simply transferred from one wallet to another.
1.54 billion Dogecoin on the move
The aforementioned site discovered two 770,000,000 DOGE transactions that were made in the same way 10 and 11 hours ago.
The whale transferred 1,540,000,000 DOGE, which was worth $94,960,251 at the time of the transactions, in total.
Both transactions sparked controversy in the DOGE community, with Twitter users joking that Elon Musk was probably the one moving these 1.5 billion DOGE coins.
The similar transactions between these two wallets might indicate that a cryptocurrency exchange reorganised its Dogecoin holdings and transferred some of them to a different wallet in this case.
Dormant DOGE whale awakens
A DOGE whale awoke earlier this week after over ten years of dormancy, according to U.Today. More than two million Dogecoin, valued at around $131,178 at the time of the transfer, were sent using the active wallet.
About ten years ago, in 2013, two IT engineers named Billy Markus and Jackson Palmer founded the company DOGE. According to legend, Markus programmed DOGE at home in his boxers in a matter of hours. For each of them, DOGE started as a joke on Bitcoin and a side project. But after a while, tech tycoon Elon Musk became interested in DOGE, and he started referencing it frequently in his tweets, which drove up the price.
DOGE is now trading on the Binance platform for $0.0626, down almost 3% in the last day.
