Advertisement
AD

Main navigation

Dogecoin Creator Highlights Whopping 450,000,000 DOGE Transaction

Advertisement
Tue, 31/01/2023 - 11:55
Dogecoin Creator Highlights Whopping 450,000,000 DOGE Transaction
Cover image via stock.adobe.com

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.

Read U.TODAY on
Google News

The creator of one of the biggest and most popular meme coins on the market, Billy Markus highlights an enormous transaction made by a top-20 DOGE whale, who moved an enormous 450 million coins worth approximately $40 million.

Advertisement

What makes this transaction particularly noteworthy is the fee that was attached to it. At only 1.01 DOGE, which translates to $0.09, it highlights the efficiency and low cost of transactions within the Dogecoin network. This is a major advantage for those who use DOGE as a currency for day-to-day transactions and also for those who are looking to transfer large sums of money without having to worry about excessive transaction fees.

It is unclear who was behind this transfer, but it is likely that it was conducted by a large DOGE holder rather than an exchange or an OTC desk, suggesting the transactional behavior of the wallet. This transfer, along with a low transaction fee, shows that the Dogecoin network is operating smoothly, and the overall infrastructure is robust enough to handle substantial transfers.

Related
Here's Where Cardano (ADA) Formed Crucial Support as Profitability Reaches 25%

Despite being seen by some as a meme-inspired cryptocurrency, Dogecoin has a substantial following and is widely traded on cryptocurrency exchanges and has been showing relatively stable performance on the market in comparison to more "serious" assets that try to place themselves as more intrinsically valuable cryptocurrencies.

The creator of the coin that got moved suddenly also reacted to the occurrence of the large transaction with a laconic "Holy Macaroni." Unfortunately, the account that shared the initial transaction decided to block the DOGE creator, for whatever reason.

At press time, Dogecoin is trading at $0.09 with a 7% price increase in the last 24 hours.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Monster Bitcoin (BTC) Purchase Mystifies Community
Fidelity Surpasses BlackRock and Other ETFs by Daily Bitcoin Inflows Today
Nvidia Surpasses Entire Crypto Market as AI Hype Picks Up Steam
Cardano Praised by Dan Gambardello As Strong Chain While Avalanche Hit By Outage
Shiba Budz (BUDZ) Novel Meme Coin Pre-Sale Gaining Steam in Late February as Majors Dogecoin (DOGE), Shiba Inu (SHIB) Remain in Tops
Ripple Cofounder Celebrates Major Stellar Success, Polkadot Secures Spot on Coinbase Futures, Shiba Inu Burn Rate Surges 8,511%: Crypto News Digest by U.Today
Ethereum Dencun Upgrade Date Confirmed by Devs
Millions of XRP Shifted by Whales as Price Hits Key Support
Binance Web3 Wallet Announces Massive Crypto Giveaway to Celebrate ERC-404 Integration
Legendary Trader John Bollinger Issues Bullish Wake-Up Call as Bitcoin Price Turns Red
Spot Bitcoin ETFs Break Record With $50 Billion Trading Volume
Ethereum (ETH) Price Prediction for February 23
Solana (SOL) Price Prediction for February 23
BlockDAG Network (BDAG) Pre-Sale Might be Gaining Steam in February since Retik Finance (RETIK), and eTuk Tuk (ETUKTUK) Communities Show Interest
Shiba Inu Developer Excites SHIB Community With Tweet, What It Pertains To
SHIB Army Receives Crucial Warning From Shiba Inu Team
MetaClip (MCLP) Cryptocurrency Sale Campaign Invites Investors as XRP Price Growing
DeeStream (DST) Asset Release Campaign On-Boards Investors as Blur (BLUR), Cosmos (ATOM) Keep Surging
XRP Makes Crucial Price Move, But Massive Roadblock Is Ahead
DeeStream (DST) Crypto Coin Sale Campaign Might be in Spotlight since Shiba Inu (SHIB), Polkadot (DOT) Supporters Waiting for Upgrades
Our social media
There's a lot to see there, too

Popular articles