- Over 500 million Dogecoins transferred to 2 nameless wallets
- Sender and receiver wallets are new and haven’t any earlier transaction historical past
- Neighborhood members speculate that Elon Musk is behind the switch
Hypothesis that tech billionaire Elon Musk will purchase Dogecoin (DOGE) has resurfaced within the crypto world as greater than 500 million models of DOGE have been moved between unknown pockets addresses.
Whale Alert, a significant pockets tracker, referred to as for warning in a current publish on X relating to the mass switch of 400 million Dogecoin tokens. The worth of the meme token on the time of the transaction was $34,115,063. Notably, the id of the Dogecoin sender and receiver is unknown, in keeping with disclosures from Whale Alert.
Additional scrutiny of the blockchain information means that the quantity of Dogecoin transferred between sender and receiver exceeds the worth captured within the Whale Alert tweet.
Particularly, the transaction hash means that the sender transferred 512,687,495 DOGE value $45,880,404 to 2 recipients in the identical transaction. One of many recipients acquired a retailer of 400 million DOGE, whereas the opposite acquired 112,687,494 tokens value $9,537,757.
Particularly, the sending and receiving wallets are newly generated and the just-executed transaction marks their solely exercise. Apparently, transferring over 500 million models of Dogecoin concerned a modest transaction price of $0.09.
Though the blockchain information didn’t present any clues as to the substance behind the transaction, members of the crypto group have speculated that Elon Musk might・He's pointing his hand at Mr. Musk. “Musk is storing property,” Person X humorously remarked whereas responding to an replace from Whale Alert.
Nevertheless, it’s value mentioning that Elon Musk continues to distance himself from cryptocurrencies. Final yr, he tweeted that he was all for cryptocurrencies till the AI craze grabbed his consideration. In a subsequent replace, Musk declared that none of his firms would launch crypto property.
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