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Mysterious Dogecoin whale moves more than $40 million

One of the biggest Dogecoin wallets has moved a transaction worth tens of millions of dollars.

By Finst News
• 3 min read
Mysterious Dogecoin whale moves more than $40 million

One of the biggest Dogecoin wallets has moved a transaction worth tens of millions of dollars. It is unclear who owns the address.

A Dogecoin address with an unknown owner has moved a transaction of 450 million Doge. At the time of writing this amounts to a value of nearly $41 million USD. For moving the coins, only $0.09 USD was charged in transaction fees.

one of the 20 biggest Dogecoin wallets

The wallet is among the 20 largest Doge addresses on the network. The huge transaction drew attention on January 31 from "Dogecoin Whale Alert". The owner of the wallet is a hot topic on the network. The transfer occurred shortly after a price rally of the cryptocurrency. Posts about a possible integration of Dogecoin as a payment method on Twitter appeared to be the trigger.

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Twitter's new owner, Elon Musk, is regarded as one of the biggest fans of the meme coin.

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