- A substantial 67,881,717 DOGE transfer ($5,083,357) to Coinbase has triggered discussions.
- DOGE experienced a 3% price rise within 24 hours.
- Tesla CEO Elon Musk also faces charges from DOGE investors.
According to the latest details provided by Whale Alert, a significant transfer of 67,881,717 DOGE, valued at approximately $5,083,357 at the time of release, was recently observed from an unknown wallet to Coinbase. The timing of this transfer has ignited speculation in the crypto community, considering that the price of DOGE experienced a 3% surge within the last 24 hours.
67,881,717 #DOGE (5,083,357 USD) transferred from unknown wallet to #Coinbasehttps://t.co/dZQHvI4vdv— Whale Alert (@whale_alert) August 9, 2023
Dogecoin surged from a 24-hour low of $0.07331 to a high of $0.07571 before falling to its current price, according to CoinMarketCap data. The largest meme coin has been experiencing a surge alongside the whole cryptocurrency market.
While the exact motives behind the transfer remain uncertain, there is also the possibility of a whale dump. Such occurrences, where a large holder (whale) sells a substantial amount of a cryptocurrency, can trigger …
The post Mysterious Dogecoin Transfer Raises Questions Amid Elon Musk’s Legal Battle appeared first on Coin Edition.
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