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300M Dogecoin Whale Transfer Triggers Price Jump — Elon Musk Behind The Pump?

Published 30/11/2022, 05:07
© Reuters 300M Dogecoin Whale Transfer Triggers Price Jump — Elon Musk Behind The Pump?
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Benzinga - Nearly 300 million Dogecoin (CRYPTO: DOGE) worth $30 million have been moved from the wallets of the largest Dogecoin whale, according to a popular on-chain data provider.

What Happened: On Monday, Lookonchain posted a tweet about market makers and whales and their impact on cryptocurrency prices. The post said that market makers and whales always move ahead of price increases.

See Also: Best FTX Alternatives: How to Keep Your Crypto Safe in 2022

The on-chain platform also included Elon Musk in its tweet, speculating if Musk had engineered Dogecoin’s price rise.

According to bitinfocharts.com, the whale's address is said to be on Robinhood (NASDAQ:HOOD).

Price Action: At the time of writing, DOGE was trading at $0.10, up 3.96% in the last 24 hours, according to Benzinga Pro.

Read Next: Dogecoin Tops Bitcoin, Ethereum Gains: Analyst Sees Apex Crypto At $18K If It Takes Out This Level

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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