One of the largest existing Dogecoin (DOGE) whales has gobbled up hundreds of millions of tokens as the leading memecoin continues to consolidate.
Blockchain monitoring service Dogecoin Whale Alert initially spotted the huge DOGE transaction worth more than $16.96 million.
According to Dogecoin Whale Alert, the great whale received 215,370,734 DOGE from a top-20 Dogecoin wallet. The sending wallet paid less than $5 to process the multi-million dollar transaction.
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215,370,734 $DOGE ($16,964,968 USD) was transferred from a #Top20 wallet to one #Top20 wallet.
Cost: 56.09 ($4.42 USD)
Tx: https://t.co/RA3wXFARYo#DogecoinWhaleAlert #WhaleAlert #Dogecoin #CryptoNews
— Ðogecoin Whale Alert (@DogeWhaleAlert) April 25, 2023
BitInfoCharts shows that the receiving wallet is too collected 36,834,503 DOGE worth $2.88 million just hours after acquiring the large Dogecoin pile. At the time of writing, the whale in question has accumulated 3,858,987,551 DOGE worth more than $337 million.
BitInfoCharts too finds that the deep-pocketed investor is the second largest non-tradeable Dogecoin whale in the world.
As for the other big trades involving the top memecoin over the past day, Dogecoin Whale Alert shows that an investor with a big pocket moved 58,058,885 DOGE worth $4.55 million from an unknown wallet to another unknown wallet.
In another transaction, a whale moved 38,295,136 DOGE worth more than $3 million from wallet of unknown origin to top 20 wallet.
The string of Dogecoin transactions over the past 24 hours comes as the leading memecoin struggles to generate a sustainable rally. At the time of writing, DOGE is trading at $0.08, down nearly 14% over the past seven days.
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Image generated: Midway through the journey
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