Dogecoin Whale Moves 450,000,000 DOGE in a Single Transaction

Vignesh Karunanidhi
Dogecoin Creator Shares a Transaction Involving 450,000,000 DOGE
Source: Binance Academy

The first meme cryptocurrency, Dogecoin (DOGE), created quite a commotion in the cryptocurrency market. Elon Musk, a multibillionaire, enthusiastically backed the asset and helped keep its name in the public eye. Therefore, Elon Musk’s actions directly affected the price of DOGE. The value of the asset was significantly impacted by his most recent Twitter purchase.

Read more: Dogecoin Surges Post Elon Musk’s Twitter Entering US Payment Business

Dogecoin also has a visible spike in price whenever there is a piece of positive news about Twitter. Whales have also shown keen interest in DOGE every now and then. Now, a top whale has moved 450,000,000 DOGE worth over $40 million in a single transaction.

Top-20 Dogecoin whale moves 450 million DOGE

The transaction that involves over $40 million only cost the whale 1.01 DOGE in fees, which is equivalent to $0.09. This particularly denotes the efficiency of the Dogecoin network. It also highlights the fact that users can opt for DOGE while making a humongous transaction.

The large transaction is likely to be done by a large whale that is moving DOGE other than through any exchange or an OTC. Dogecoin creator Billy Markus also reacted to the tweet containing the details. However, the Twitter account blocked Dogecoin creator Markus for some unknown reason.