$ 19,509.50
$ 1,315.98
$ 1.00
$ 0.427081
$ 0.455594
$ 1.00
$ 0.000308

Twitter Deal of Elon Musk Boosts Dogecoin Whale Activity

Atis. Sh
Dogecoin Whales Get Active As Elon Musk Buys Twitter

Dogecoin (DOGE) seems to be getting more trade from crypto whales. These trades are likely to push the token even higher after recent gains.

Over the last 24 hours, DOGE prices have jumped by more than 30%. This might be a result of people who are excited about Elon Musk’s purchase of Twitter for $44 billion. Previously, Musk has talked about a possible integration of the world’s most popular meme token into Twitter. Currently, the DOGE token is at an average price of $0.161, which is close to a three-week high.

Dogecoin Whale Transactions

Elon Musk is known for his cryptic and controversial tweets. However, this skill of Musk can change the prices of cryptocurrencies, especially Dogecoin. A blockchain analytics firm says that crypto whales are continuously keeping an eye on Dogecoin.

Following on, Ali Martinez, a crypto analyst, said that DOGE is going to reach the $0.24 price level. Despite this, if the token does not keep going above the $0.14 price level, the bullish outlook will be thrown out.

With more than $100k in transactions, the value of DOGE rose to $2.5 billion on the chain. This move acts as a proxy for what the government is doing. According to IntoTheBlock, it said that the recorded trading volume is the highest since March 24th. Meanwhile, it is making up about 94% of the total volume.

A Single Transaction of $48 Million

As of this writing, Dogecoin Whale Alert says that more than $66.6 million worth of DOGE has been moved between different wallets in the last 6 hours. Additionally, there has been a single transaction worth more than $48.2 million from an alleged Dogecoin whale. There has also been an 800% increase in Dogecoin’s trading volume in the last 24 hours to $7,180,078,402. In the end, after a long wait, the DOGE token has made it into the top 10 cryptocurrencies.

A lot of the top BSC whales have been buying Dogecoin for a very long time. Moreover, many people keep DOGE tokens in the top 10 coins in the most important wallets. Additionally, according to some data, BSC whales have more than $46 million worth of DOGE. Nonetheless, when looking at the total holdings, it only makes up 4.6% of the total amount.

Also read:

Related News

Kim Kardashian Charged By SEC For Unlawfully Touting Crypto Security

The Securities and Exchange Commission has charged Kim Kardashian for promoting a crypto asset security sold and offered by EthereumMax on social media, resulting in a scam. This is without reporting the compensation she got for a promotion. In exchange for dropping the accusations, paying around $1.26 million in fines, forfeiture, and interest, going along with the investigations, the star of Keeping Up With The Kardashians, Kim, agreed to settle

Read More »
The action came after Binance's expansion in several nations in 2022, such as Dubai, France, Spain, and Italy, as the platform aims to expand its operations and boost global cryptocurrency usage.

Binance to Offer its Services to New Zealand

As per a blog post published on September 30, the biggest crypto exchange by trading volume, Binance, is now reportedly registered in New Zealand and opened a regional office there called Binance New Zealand as part of its effort for worldwide expansion. On September 10, Binance filed as a financial service provider with the Ministry of Business, Innovation, and Employment in New Zealand. This allowed the business to provide a

Read More »
With the new exchange-traded fund (ETF), European users will have access to the blockchain market. A metaverse-focused ETF may also be in the works, according to numerous sources.

BlackRock Introduces New ETF Targeting European Clients

Blackrock, the biggest asset manager in the world, has revealed the introduction of a fresh ETF. With the new exchange-traded fund (ETF), European users will have access to the blockchain market. A metaverse-focused ETF may also be in the works, according to numerous sources. The iShares Blockchain Technology UCITS ETF, a new Blackrock ETF, was introduced on September 27. Blackrock provided more information about the ETF, claiming that 75% of

Read More »

My Coins

$ 19,509.501.15%
$ 1,315.980.71%
$ 1.000.1%
usd-coinUSD Coin
$ 1.000.01%

We inform and educate people about Cryptocurrencies and Blockchain technology.

© Copyright 2021, All Rights Reserved,
Crypto Academy


Contact Us

For any question conatct us through:

[email protected]

Disclaimer: All information and materials on this website are for educational purposes only. does not provide any form of financial advice. Cryptocurrencies are highly volatile, therefore any form of investing carries a high level of risk to your capital. It is recommended that you seek professional advice prior to implementing any investment or financial plan.

We do not ask you for your Cryptocurrency / We do not hold your Coins / We do not ask for Private Keys / Be aware of scammers and imposters.

Contact us only through: [email protected]