Whales Transfer Nearly 1 Billion DOGE as Musk Revives Twitter Deal
CoinEdition
Published Oct 07, 2022 03:58AM ET
Whales Transfer Nearly 1 Billion DOGE as Musk Revives Twitter Deal
- Crypto Whales moved 836,082,771 DOGE since Elon Musk revived the Twitter deal.
- The meme coin still ranks tenth-largest crypto with a market of over $8 billion.
- Twitter shares also rose by 22% as the information about Musk’s decision made news.
Elon Musk‘s news of his resurrected Twitter purchase agreement boosted the cryptocurrency market this week, especially among Dogecoin investors. On-chain data showed a cumulative transfer of nearly one billion Dogecoins after the Musk-Twitter news emerged.
Whale Alert, a service that monitors the flow of coins across several blockchains, reported that an astonishing 386,082,773 DOGE, equivalent to $25,187,368, were transferred from one unidentified wallet to another on Thursday.
Additionally, these recent activities pushed up the seven-day price margin of DOGE by 4%, according to CoinMarketCap. Twitter also shares rose by 22% as Musk’s decision made news.
Notably, the meme coin still ranks tenth-largest crypto with a market of over $8 billion. Nonetheless, the crypto market is generally retracing to the red zones. In the last 24 hours, Bitcoin has slipped below the $20k price point.
The post Whales Transfer Nearly 1 Billion DOGE as Musk Revives Twitter Deal appeared first on Coin Edition.
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