A top Dogecoin (DOGE) whale transferred more than $396.8 million worth of the memecoin to another top wallet across a series of transactions on Monday.
The unknown whale sent a total of 5.44 billion DOGE across seven transactions that all occurred in less than 10 minutes on Monday afternoon, according to crypto data website BitInfoCharts.
[adinserter block="1"]The unknown receiving wallet rose from being the fifth-largest Dogecoin address in the world at the beginning of the week to the second-largest wallet at time of writing. It currently holds around 8.84 billion DOGE worth more than $643 million.
The sending wallet dropped down in the rankings from a top-10 address to the 19th-largest wallet after the seven transactions, though it has since risen back up to the fifth spot after receiving more than 5.46 billion Dogecoin across two separate transactions on Tuesday morning.
The sending whale currently holds around 6.27 billion DOGE worth more than $456 million, according to BitInfoCharts.
The richest Dogecoin address in the world is currently Robinhood’s wallet, which holds around 22.6 billion DOGE worth more than $1.6 billion. The retail trading giant’s holdings represent 16.23% of Dogecoin’s total supply.
DOGE is trading at nearly $0.0729 at time of writing. The ninth-ranked crypto asset by market cap is down 0.43% in the past 24 hours.
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
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 losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generate Image: Midjourney
