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.
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Whales or market makers always move ahead of price increases.The on-chain platform also included Elon Musk in its tweet, speculating if Musk had engineered Dogecoin’s price rise.The price of $DOGE has risen by nearly 8% in the past 2 hours.
And the largest whale of $DOEG transferred 300M $DOGE($30M) 5 hours ago.@elonmusk did you pull the price up? pic.twitter.com/kVNPx7F4SR
— Lookonchain (@lookonchain) November 29, 2022
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.
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