Main navigation

Whales Shift $2.4 Million Worth of DOGE and $86 Million in MATIC Over Past Hour

Advertisement
Fri, 31/12/2021 - 11:55
Whales Shift $2.4 Million Worth of DOGE and $86 Million in MATIC Over Past Hour
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
Contents
Advertisement

The @DogeWhaleAlert Twitter account has detected three transactions that shifted astounding amounts of the most popular meme cryptocurrency, Doge. Meanwhile, whales have shifted over around 33 million Polygon (MATIC).

Whales shift around 10 million Dogecoins

Anonymous wallets have transferred 5,068,594, 4,222,364 and 4,361,456 DOGE. These sums in crypto total $2.389 million in fiat. Curiously, the commission fees for any of these transfers did not exceed $2.

Article image
Image via Twitter

Elon Musk praises Doge, lambasts Bitcoin

Doge transaction fees are widely known to be much lower than those paid on the Bitcoin blockchain, and faster as well. These were among the main factors as to why Elon Musk favors Doge as a currency for payments over Bitcoin. He believes the latter to be only a digital store of value.

Recently, he stated in an interview that Dogecoin is fundamentally better than any other coin he has seen. Besides, he has claimed that for 2021 and the next 10 years, BTC is "comically slow."

To back his confidence in this meme crypto, in December, Musk announced that Tesla will begin selling merchandise for Dogecoin as an experiment.

Doge devs announce first-in-history roadmap

Earlier this month, U.Today covered that developers of Dogecoin had unveiled a roadmap of the path the project is to take in the next few years.

The roadmap intends to boost the coin's adoption and utility. It includes the creation of eight new projects related to Dogecoin. Among them will be the redesign of the Dogecoin.com website, as well as Libdogecoin and the GigaWallet. The latter will allow users to add Doge payments to their projects via an API solution.

Related

$86 million in MATIC on the move

Whale Alert crypto tracking data provider has spotted two major transfers of MATIC made between unknown crypto wallets.

Each transfer carried slightly over $42 million and $43 million: 16,487,354 and 16,487,355 MATIC.

Polygon (MATIC) is trading at $2.60 at the moment, showing a 4% rise.

As reported by U.Today recently, MATIC has lost its "status" as the most-traded token by the top 1,000 ETH whales to UNI. At the moment, Polygon's native token holds the 10th spot among the assets held by the top 1,000 Ethereum whales.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD