Whales Keep Uploading to This Meme Coin: Here are the Details!

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top 20 dogecoin The (DOGE) whale continues to collect as the top memecoin continues to struggle throughout the week.

Blockchain monitoring service Dogecoin Whale Alert initially detected the movement of large DOGE treasures worth millions of dollars.

Dogecoin Whale Alert shows that a top 20 wallet transfers 159,347,709 DOGE worth more than $12.42 million to another top 20 wallet stated.

According to the blockchain research service, it has deep pockets meme coin investor spent less than $1 to execute the transaction.

The buyer’s wallet currently has a balance of 3,606,782,314,509 DOGE worth more than $283.85 million.

As Koinfinans.com reported, DOGE is trading at $0.078 at the time of writing. The ninth-ranked crypto asset by market cap is down more than 17% from its weekly high of $0.094.

DOGE’s price drop first came on Thursday after Elon Musk’s SpaceX launched a much-publicized test rocket that unexpectedly exploded four minutes after its flight. Dogecoin’s price tends to move with the events surrounding Musk as the controversial tech billionaire is a high-profile supporter of the top memecoin.

Musk is also currently in the midst of a legal battle for allegedly illegally raising the asset’s price for two years and then letting it crash.

However, Musk’s lawyers argue that his tweets about DOGE over the years are memes or jokes and that the case should be dropped because Dogecoin is a legitimate asset with billions of dollars in market cap.

According to IntoTheBlock, 55% of Dogecoin holders are sitting on unrealized earnings, while 40% are underwater.


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