Dogecoin Price News: A mysterious Dogecoin whale has emerged from the ashes and shocked the cryptocurrency market. According to a tweet posted by Lookonchain, a Dogecoin pockets that has not been lively for 2 years has transferred 326.5 million dogecoins to a brand new handle. This could be the results of Twitter CEO Elon Musk wanting the social media platform’s fee system to accommodate cryptocurrencies resembling Dogecoin.
Dogecoin Whale Wakes Up
On Feb. 17, Lookonchain’s Twitter account announced the reawakening of a dormant Dogecoin whale. This handle not too long ago transferred 326,383,472.76 million DOGE tokens (price roughly $28 million) to a brand new handle after not being lively for 2 years till in the present day.
Many Twitter customers are making enjoyable of whoever owns the pockets by calling the individual “Lazy.” Some recommended that the individual lastly realized he/she is a millionaire and determined to unlock the fortune. Others mentioned the huge Dogecoin worth dump is coming.
DOGE Pump Incoming?
This massive switch may result in a downward worth motion for the meme cryptocurrency. On the opposite hand, if the individual instantly sells them in the marketplace, this might increase the availability and push the value down. But there may be another situation, the place the recipient can maintain onto the cash for a bit of longer earlier than promoting them, it will depart minimal influence on the Dogecoin price.
At press time, Dogecoin is buying and selling at $0.08656, with a 2.53% worth lower within the final 24 hours. With a market capitalization of $11,484,035,384 and a 24-hour buying and selling quantity up by 4.86%. Now it stands at $727,209,980. At the identical time, the circulating provide is roughly 132,670,764,300 DOGE as per the crypto market tracker CoinMarketCap.
Also Read: Dogecoin News: Whales Scoops Billions In DOGE After Elon Musk Tweet, Is $0.1 Next?
The introduced content material could embrace the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any duty to your private monetary loss.
