Dogecoin Whales Move 527,909,756 DOGE Amid Sustained Market Correction – Here’s Where the Crypto Is Going

Large Dogecoin (DOGE) whales are on the move, shifting over half a billion tokens as the crypto markets continue to see red.

The whale-watching bot Dogecoin Whale Alert reports that deep-pocketed holders of the top meme coin have relocated 527,909,756 DOGE worth over $34.63 million in the last 24 hours alone.

One of the largest transactions in the past day involves a massive whale transferring 148,648,464 DOGE worth $9.83 million to a top 20 Dogecoin wallet – only paying less than $5 in transfer fees.

Another transaction witnessed the transfer of 86,188,336 DOGE worth $5.61 million from a wallet of unknown origin to a top 20 Dogecoin wallet. The whale paid about $2.49 in fees to relocate the large Dogecoin trove. 

The other large transfers of the day mostly involve the movement of large Dogecoin stacks from multiple wallets to either a top 20 Dogecoin address or a wallet of unknown origin. Two transactions saw the the relocation of Dogecoin troves between unknown wallets.

• 59,387,150 DOGE worth $3.88 million transferred from multiple wallets to top 20 Dogecoin wallet
• 52,083,860 DOGE worth $3.39 million transferred from multiple wallets to top 20 Dogecoin wallet
• 50,000,000 DOGE worth $3.24 million transferred from multiple wallets to an unknown wallet
• 30,499,998 DOGE worth $2.01 million transferred from unknown wallet to another unknown wallet
• 27,915,000 DOGE worth $1.84 million transferred from unknown wallet to another unknown wallet 
• 24,000,000 DOGE worth $1.58 million transferred from multiple wallets to an unknown wallet
• 16,500,585 DOGE worth $1.07 million transferred from multiple wallets to an unknown wallet 
• 16,467,753 DOGE worth $1.07 million transferred from multiple wallets to an unknown wallet 
• 16,218,610 DOGE worth $1.05 million transferred from multiple wallets to an unknown wallet

At time of writing, Dogecoin is trading for $0.067. The leading meme crypto asset is down nearly 13% in the last seven days.

Featured Image: Shutterstock/jamesteohart/MrArtHit