Largest Dogecoin Whale Moves 4 Billion DOGE, Is It Elon Musk?

The largest Dogecoin whale DPDLBAe3RGQ2GiPxDzhgjcmpZCZD8cSBgZ transferred over 3.8 billion DOGE tokens to the wallet address DDuXGMFNGpGjaAqyDunSMvceMBruc1wwKF. The pockets deal with “DDuXGM” has now turn into the fifth largest DOGE holder. Is Elon Musk transferring DOGE or Robinhood transferring DOGE amid the market uncertainty.

Dogecoin Whale Moves Almost 4 Billion DOGE Tokens

Lookonchain in a tweet on December 20 revealed that Dogecoin’s largest holder “DPDLBA” has transferred 3.84 billion DOGE value $280.6 million to handle “DDuXGM” at the moment.

On-chain knowledge reveals that “DPDLBA” is the biggest holder of Dogecoin and holds nearly 25.24% provide. The pockets deal with holds 34.68 billion DOGE value $2.6 billion. The second-largest holder of Dogecoin holds 7.55 billion DOGE, which is 5.50% of whole provide. Thus, there’s a enormous distinction between pockets holdings.

“DDuXGM” is now the fifth-largest Dogecoin that holds over 3.84 billion DOGE and accounts for two.80% provide. On-chain knowledge signifies six equal transactions of 632,479,064.94 DOGE had been made out of “DPDLBA” to “DDuXGM” and a single transaction of 49,074,826.85 DOGE. Therefore, the pockets turned the fifth largest DOGE holder in simply an hour.

Many consider Elon Musk is the biggest holder of Dogecoin and holds large quantities of DOGE. However, historic knowledge suggests the “DPDLBA” is related to Robinhood.

Crypto buying and selling app Robinhood moved all Dogecoin from its chilly pockets right into a single pockets in July. As per blockchain pockets tracker Dogecoin Whale Alert, Robinhood moved all 41 billion DOGE it holds to “DPDLBA”. The motion could possibly be associated to Elon Musk stepping down as CEO of Twitter.

The results of Elon Musk’s Twitter poll to step down as the pinnacle of Twitter got here out towards Musk. After about 12 hours, the outcomes with greater than 17 million votes, the place 57.6% of individuals agreed that Musk ought to step down from his place at Twitter.

DOGE Price Remains Weak

Dogecoin worth fell after Elon Musk instructed abiding with the poll results. DOGE worth dropped to low of $0.070, earlier than rising once more to excessive of $0.078 within the final 24 hours. Also, the DOGE worth is at present buying and selling at $0.074, down practically 6% in a day and 16% in per week.

The DOGE worth is predicted to stay weak this month, as Bitcoin price risks losing its support level amid market uncertainty.

Also Read: How Japan Monetary Policy Will Impact Bitcoin, Ethereum Price

Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his information about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been related to the blockchain and cryptocurrency business for a considerable interval and is at present protecting all the most recent updates and developments within the crypto business.

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