450 Million Purchase: Whale Uploaded To This Meme Coin!

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a mysterious Dogecoin (DOGE) whale bought 450 million meme coins worth $39.41 million. Whale added a slew of new DOGEs to its portfolio as the crypto market rallied, making it number 20 on the list of top DOGE holders. Details are here.

Lookonchain shared a post today. tweet brought the attention of the crypto community to these transactions. According to the statement, the whale received 250 million DOGE from a wallet affiliated with the Singapore-based cryptocurrency exchange Crypto.com. Data from Bitinfocharts shows that the transaction took place at 10:23 am (UTC) today.

However, the whale received 200 million DOGE from Crypto.com in a separate transaction yesterday at 02:17 (UTC). After these two transactions, the balance at the address increased to 709.28 million DOGE. The total value of these DOGEs amounts to $62.7 million. This makes the whale the 20th largest holder of Dogecoin.

Apart from the whale in question, there have been a few more meme coin purchases that have attracted attention recently. Blockchain data reveals that a newly activated address collected 53.1 million DOGE ($4.65 million) at 11:47 am (UTC) today. Shortly before that, another address was seen accumulating 92.2 million meme coins ($8.04 million). In other words, it can be said that an accumulation trend emerges as the DOGE price rises.

DOGE Sensitivity Reaches 4-Month High

Alongside the whale hoarding campaign, there has also been a surge in bullish sentiment surrounding Dogecoin. Experienced analyst Ali Martinez underlined this rise by referring to Santiment data. Data from a Sentiment graph reveal that weighted sentiment around DOGE reached 6,199, a value last seen when the asset rose 160% in October 2022.

In addition, social volume also increased, reaching a high of 4317, the highest point of this year.

You can follow the current price action here.

Source : the crypto basic


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