Dogecoin News: DOGE 30% Spike Makes Whales Move 1 Billion Dogecoin

Dogecoin News: Elon Musk, Twitter and Tesla Chief’s recent move has sent Dogecoin (DOGE), the biggest meme cryptocurrency price to the moon. Dogecoin which was trading cluelessly under selling pressure went on to register a surge of 30% in the last 24 hours.

Dogecoin 24 Hr Trading Vol Up By 628%

LookOnChain reported that the 5th largest DOGE holder transferred 650 million Dogecoin (approx worth $61 million) just after the Twitter move. The social media giant run by Elon Musk changed the webpage logo icon to the Dogecoin avatar.

WhaleAlert reported that an unknown whale address moved 300 million DOGE (Approx worth $28 million) in a single transaction to an unknown wallet.

Dogecoin price is up by 40% in the last 7 days. DOGE regained the much anticipated 1 cent price level. It is trading at an average price of $0.101, at the press time. Its 24 hour trading volume is up by a whopping 628% to stand at $4.83 billion. Dogecoin is holding a market cap of $14 billion. Read More Dogecoin News Here…

Also Read: Bitcoin Open Interest Spikes; Where Will BTC Price Move?

Gwei Research reported that a DOGE whale is on an accumulation spree. The crypto whale address has added around 1.86 billion Dogecoin since June 2022. It mentioned that the accumulation came in at a floating profit of $44.63 million.

The recent Dogecoin price spike has helped the other meme coins to print green indexes in the last 24 hours. The cumulative meme tokens market cap is up by almost 19% to stand at $22.2 billion. However, the total 24 hour trading volume is up by 467% to stand at $5.5 billion.

Also Read: Binance CEO CZ Calls For Unity In Crypto Industry Amid FUD Over Rumors

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Ashish Kumar

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]

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