Elon Musk’s Tweet Leads to 300 Million Dogecoin Transfer

A well-known tracker of cryptocurrency movements, Whale Alert, has caught wind of something big happening with Dogecoin and has noticed a massive amount of this meme-inspired cryptocurrency has been moved from the popular investment app Robinhood. In the last day alone, they’ve spotted several hundred million DOGE being shifted around.

Their keen eye on the blockchain revealed two specific transactions that stand out. Someone withdrew a whopping 150 million DOGE from Robinhood and sent it to a wallet with the address “1wwKF.”

This mysterious movement has sparked curiosity among crypto enthusiasts and investors alike.

In the past few days, a mysterious crypto investor, known as an anonymous whale, has been making waves in the meme crypto world. They have been on the receiving end of some hefty transactions, including two massive transfers of 150 million DOGE each.

They also took in several other substantial amounts of DOGE, ranging from 30 million to over 350 million, on different dates in April. As of now, this mysterious whale holds a staggering total of 2.48 billion DOGE, which is worth a jaw-dropping $388.8 million.

Elon Musk, a prominent DOGE enthusiast, recently tweeted a humorous nod to Monty Python’s “Life of Brian,” likening himself to a legionary stifling laughter at the mainstream media’s newfound seriousness about DOGE. 

Despite past criticism, DOGE’s rise to the top ten cryptocurrencies prompted a 4% increase after Musk’s tweet. While his tweets once had larger and longer-lasting effects on DOGE’s price, this impact has waned over time.

Also Read: Ethereum Rebounds Above $3,150 After Binance Whale Activity