Nearly 1 Billion DOGE Transferred After Elon Musk Resumed Buying Twitter
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 reported by Whale Alert, a service that tracks massive transfers of crypto on various chains, slightly over two hours ago, an astounding amount of meme coin DOGE was sent on the blockchain.
This was close to half a billion meme coins. A day earlier, an even bigger sum of DOGE was shifted; together, this makes up almost one billion DOGE within two days.
386 million DOGE sent by anonymous wallet
A total of 386,082,773 Dogecoins were sent between two anonymous wallets, as Whale Alert spotted. This amount of meme coins is evaluated at $25,187,368.
Over the past two days, this is the second transaction of that size that has been noticed by the aforementioned crypto tracking service.
On Oct. 5, 449,999,998 DOGE were shifted, making it roughly 836 million Dogecoin.
Also, on the same day, according to the same source, two lumps of SHIB — one trillion meme coins each — were detected; these two trillion Shiba Inu were transferred to the Coinbase exchange, apparently to be sold.
These large amounts of meme coins were shifted after Tesla boss Elon Musk decided to go back to closing the purchase deal with Twitter.
In the comments to today's DOGE transfer, some Twitter users jokingly assumed whether these Dogecoins were sent by the centibillionaire, who is a great fan of DOGE and who mentioned several times that if he buys Twitter, he would integrate DOGE payments on the platform.
🚨 386,082,773 #DOGE (25,187,368 USD) transferred from unknown wallet to unknown wallethttps://t.co/klCuL5pkCu
— Whale Alert (@whale_alert) October 6, 2022
3 things Musk is expected to integrate on Twitter
Yesterday, the Twitter account of influential trading group Crypto Rand tweeted what it expects Elon Musk to add/change to the social media giant as soon as he closes the deal.
These three things were the addition of the edit button, hunting fake accounts (bots) down and integrating purchases in cryptocurrencies. Earlier, Musk suggested that adding DOGE as a payment option to Twitter Blue subscriptions could be possible if he owns the platform.
Arman ShirinyanHere's why Musk still wants to own Twitter
According to a recent tweet by Musk, he intends to turn Twitter into an "everything app" called "X."
Buying Twitter is an accelerant to creating X, the everything app.
In an earlier interview, the billionaire described that this would be a spam-free app where users would be able to have various discussions, and content-makers would get their share of income.
He stated that he would either convert Twitter into this app, if he buys it, or he could have it developed from scratch.
This "everything app" would be a sort of digital town square, where important ideas would be debated and free speech would be enhanced.
Elon Musk is planning to create an app called - "X, The Everything App". Buying Twitter will help speed up it's creation. @elonmusk pic.twitter.com/0sMifeEANv
— DogeDesigner (@cb_doge) October 5, 2022
Related articles
Alex Dovbnya
Dan Burgin
Vladislav Sopov