As reported by @DogeWhaleAlert, mysterious whales have shoveled almost 3 billion Shiba Inu meme coins in staggering lumps of 4 million DOGE and greater.
This occurred as interest in Dogecoin revived thanks to Elon Musk returning to his purchase deal of Twitter.
2.7 billion DOGE on move
The Dogecoin tracker spread the word that, last week, anonymous whales shifted a total of 2,768,293,846 in lumps of two million coins and more. There were roughly 90 transactions altogether as they moved these Dogecoin for total fees of merely 142 DOGE; that is $9 USD.
🐳👀 Weekly Whale Watch:— Ðogecoin Whale Alert (@DogeWhaleAlert) October 10, 2022
Last week there were approximately 90 🐳 txs of 4M Ðoge or more.
Total Ðoge: 2,768,293,846 ($178,431,428 USD)
Total fees: 142 Ðoge ($9 USD)
Average spot price: 0.0636#DogecoinWhaleAlert #WhaleAlert #Dogecoin #CryptoNewshttps://t.co/iWz81V8Eg4
Last week, it became known that Tesla boss and centibillionaire Elon Musk had resumed his paused deal on purchasing the Twitter behemoth for $44 billion. That news triggered a new wave of interest in Dogecoin since, earlier this year, Musk suggested implementing DOGE as a payment option for Twitter Blue subscriptions.
Musk is a well-known fan of DOGE, who used to drive the coin's price up with his tweets. In them, several times Musk called Dogecoin "the currency of the people" and promised to take DOGE to the moon. Since January of this year, Tesla has been accepting DOGE as payment for its merch in the online store. SpaceX did likewise in spring.
Robinhood holds 40.5 billion Dogecoin
The same source also reported that one of the most popular trading venues – Robinhood app – is holding a staggering amount of DOGE on behalf of its customers.
At the time of this writing, the platform's wallets contain a total of 40,508,384,607 Dogecoin. This is the equivalent of $2,518,365,763 and constitutes 29.70% of the meme coin's circulating supply.
The current total combined amount of #Dogecoin held by @RobinhoodApp 🪶 on behalf of its investors is:— Ðogecoin Whale Alert (@DogeWhaleAlert) October 9, 2022
29.70% of the circulating supplyhttps://t.co/iWz81V8Eg4