$396.8M Dogecoin Whale Transfer: Wheres the Crypto Headed?

$396.8M Dogecoin Whale Transfer: Wheres the Crypto Headed?


A top Dogecoin whale transfers over $396.8 million worth of DOGE to another top wallet, causing changes in rankings and bringing attention to the world’s richest Dogecoin address.

A top Dogecoin (DOGE) whale transferred greater than $396.8 Million worth of the memecoin to another top wallet across a series of transactions on Monday.

The unknown whale sent a total of 5.44 Billion Dogecoin (DOGE) across 7 transactions that all took place in less than 10 minutes on Monday afternoon, reports by cryptocurrency data website BitInfoCharts.

The unknown receiving wallet rose from being the fifth- largest Dogecoin (DOGE) address in the world at the beginning of the week to the second-largest wallet at the moment of writing. It as of now holds around 8.84 Billion Dogecoin (DOGE) worth greater than $643 million.

The sending wallet dropped down in the rankings from a top-10 address to the 19th- largest wallet after the 7 transactions, though it has since risen back up to the fifth spot after receiving greater than 5.46 Billion Dogecoin (DOGE) across two separate transactions on Tuesday morning.

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The sending whale as of now holds around 6.27 Billion Dogecoin (DOGE) worth greater than $456 Million, reports by BitInfoCharts.

The richest Dogecoin (DOGE) address in the world is as of now Robinhood’s wallet, which holds around 22.6 Billion Dogecoin (DOGE) worth greater than $1.6 billion. The retail trading giant’s holdings represent 16.23 percent of Dogecoin’s total supply.

Dogecoin (DOGE) is currently worth nearly $0.0729 at the moment of writing. The ninth-ranked cryptocurrency investment by market capitalization is down 0.43 percent in the past 24 hours.

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