400 Million DOGE Moved to Binance in One Hour, Here's What's Happening
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
As per recent tweets of @DogeWhaleAlert tracker, four hours ago, anonymous top 20 wallet DJfU2p6woQ9GiBdiXsWZWJnJ9uDdZfSSNC shifted two Dogecoin lumps to the Binance exchange.
Those transfers carried 286,953,266 and 114,010,343 DOGE, making it 400.1 million meme coins in total.
400 million DOGE moved to Binance wallet
Both transfers were made four hours ago, one after the other. The sending wallet is now holding 476,335,246 Dogecoin, with a total amount of 2,800,899,543,466 Doge sent and 2,801,375,878,712 meme coins received.
🐕🪙🐋🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨
— Ðogecoin Whale Alert (@DogeWhaleAlert) October 28, 2022
286,953,266 $DOGE ($22,140,740 USD) was transferred from a #Top20 wallet to a #Binance wallet.
Fee: 2.41 ($0.19 USD)
Tx: https://t.co/sJzxNZHZLi#DogecoinWhaleAlert #WhaleAlert #Dogecoin #CryptoNews
On Oct. 27, the price of the largest meme coin by market cap began to rise on the news of Elon Musk's plans to complete the Twitter purchase deal by Friday. The DOGE army had been expecting that Musk would implement Dogecoin payments on Twitter.
However, when the fact of the Tesla boss taking over Twitter was officially confirmed by mainstream media, DOGE started dropping heavily.
Earlier today, however, the meme coin resumed growth, printing a massive green candle on the hourly chart.
🐕🪙🐋🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨
— Ðogecoin Whale Alert (@DogeWhaleAlert) October 28, 2022
114,010,343 $DOGE ($8,796,810 USD) was transferred from a #Top20 wallet to a #Binance wallet.
Fee: 2.03 ($0.16 USD)
Tx: https://t.co/Fv4KkgkAat#DogecoinWhaleAlert #WhaleAlert #Dogecoin #CryptoNews
Elon Musk increases adoption of DOGE
Recently, Musk launched a completely new product for himself – a perfume called "Burnt Hair" – which costs $104 per bottle and is rather a collector's item. It was made by Musk's The Boring Company and, thanks to a partnership with BitPay, users were able to buy the perfume for Dogecoin, Shiba Inu, Bitcoin and a dozen other coins.
At the start of the year, Tesla began selling its merchandise for DOGE, with SpaceX following it in the spring.