Massive and sudden transfers of the main meme cryptocurrency Dogecoin (DOGE) shook the crypto scene today, as 600 million coins changed hands in just 10 minutes, while Whale alert reported. The $231.57 million transfer of DOGE took place in two tranches. The addresses used are “D78RSZm” and “DQhgaRJ”, the first being the sender and the second the recipient.
Interestingly, the sender’s wallet is one of the richest Dogecoin holders, currently occupying 18th place with over 761 million DOGE, which is equivalent to approximately $310 million. At the same time, the receiving wallet also made the DOGE rich list with a recent transfer and is now the 21st largest holder of the meme coin overall.
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Thus, we can say that in just 10 minutes, Dogecoin witnessed the biggest change in wealth in its recent history, while also adding a new member to the DOGE rich list. Of course, both addresses can belong to the same entity.
What’s intriguing is that they probably don’t belong to any scholarship. At least the chain story doesn’t have a label. This is a good thing because, in this case, Dogecoin enthusiasts may be hoping for some volatility, as the move was not an internal FX transaction and, therefore, could cause a ripple effect at some point in the market. Dogecoin Price chart.
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We may already be witnessing this, as DOGE rose over 10% during today’s trading session, with most of the rise occurring immediately after the move.
There’s definitely more to this DOGE wealth shift, so it’s best to keep an eye on what’s next for the popular meme coin.
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