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.
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.
Generate Image: Midjourney