Dogecoin Whale Loads Up 215,370,734 DOGE in Single Transaction As Top Memecoin Struggles To Take Off

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One of the largest Dogecoin (DOGE) whales in existence gobbled up hundreds of millions of tokens as the leading memecoin continues to consolidate.

Blockchain-monitoring service Dogecoin Whale Alert initially spotted the massive DOGE transaction worth over $16.96 million.

According to Dogecoin Whale Alert, the large whale received 215,370,734 DOGE from a top-20 Dogecoin wallet. The sending wallet paid less than $5 to process the multi-million-dollar transaction.

BitInfoCharts shows that the receiving wallet also collected 36,834,503 DOGE worth $2.88 million several hours after acquiring the large Dogecoin stack. At time of writing, the whale in question has accumulated 3,858,987,551 DOGE worth over $337 million.

BitInfoCharts also finds that the investor with deep pockets is the second-largest non-exchange Dogecoin whale in the world.

As for the other large transactions involving the top memecoin in the past day, Dogecoin Whale Alert shows that a deep-pocketed investor moved 58,058,885 DOGE worth $4.55 million from an unknown wallet to another unknown wallet.

In another transaction, a whale relocated 38,295,136 DOGE worth over $3 million from a wallet of unknown origin to a top-20 wallet.

The series of Dogecoin transactions in the last 24 hours comes as the leading memecoin struggles to generate a sustainable rally. At time of writing, DOGE is trading for $0.08, down nearly 14% in the last seven days.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney
Shutterstock/MrArtHit

The post Dogecoin Whale Loads Up 215,370,734 DOGE in Single Transaction As Top Memecoin Struggles To Take Off appeared first on The Daily Hodl.

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