235.4 Million Dogecoin Moved by Top-20 DOGE Whales as Elon Musk Made His Crypto Statement

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235.4 Million Dogecoin Moved by Top-20 DOGE Whales as Elon Musk Made His Crypto Statement
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$19 million in Dogecoin moved between top-tier wallets after ElonMusk's tweet AI $DOGE DogeWhaleAlert

The first one was made from one top 20 wallet to another and shifted 123,620,027 DOGE worth $9,523,687. The second transfer was made from an anonymous address to a top 20 crypto wallet. This second chunk contained 111,869,251 DOGE — the equivalent of $8,592,006.

Overall, close to 240 million of the biggest meme coin by market cap has been transferred for fees that are tiny for such amounts of money. The bigger DOGE lump cost 4.51 DOGE to move. The fee for the second transaction totaled 38.25 DOGE . This is something no traditional bank can offer its customers and this is one of the massive advantages of crypto over the legacy financial system — the speed of transfers and their low cost.

These transfers of DOGE were made a few hours after a curious tweet published by Elon Musk, which he dedicated to his"shift" from crypto to AI.

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