- One of the largest Dogecoin whales purchased hundreds of millions of tokens as the leading memecoin consolidates.
- The receiving wallet is now the second-largest non-exchange Dogecoin whale in the world.
Large Dogecoin whale buys hundreds of millions of tokens
One of the largest Dogecoin (DOGE) whales purchased hundreds of millions of tokens as the leading memecoin continues to consolidate. The massive DOGE transaction, worth over $16.96 million, was initially spotted by blockchain-monitoring service Dogecoin Whale Alert. The large whale received 215,370,734 DOGE from a top-20 Dogecoin wallet, paying less than $5 to process the multi-million-dollar transaction.
Fee: 56.09 ($4.42 USD)
— Ðogecoin Whale Alert (@DogeWhaleAlert) April 25, 2023
Receiving wallet becomes second-largest non-exchange Dogecoin whale in the world
After acquiring the large Dogecoin stack, the receiving wallet also collected 36,834,503 DOGE worth $2.88 million. The whale in question has accumulated 3,858,987,551 DOGE worth over $337 million, making the investor with deep pockets the second-largest non-exchange Dogecoin whale in the world, according to BitInfoCharts.
Other large transactions involving Dogecoin
In the past day, Dogecoin Whale Alert also reported a deep-pocketed investor moving 58,058,885 DOGE worth $4.55 million from an unknown wallet to another unknown wallet. Another whale relocated 38,295,136 DOGE worth over $3 million from a wallet of unknown origin to a top-20 wallet. These transactions come as the leading memecoin struggles to generate a sustainable rally, with DOGE trading for $0.08 at the time of writing, down nearly 14% in the last seven days.