Claim BonusDogecoin Records Massive Whale Accumulation After Twitter Payment Update
Whales transferred large amounts of Dogecoin (DOGE) amid reports claiming Elon Musk started applying for regulatory licenses in the U.S. for Twitter payments. The Dogecoin community has been actively awaiting Dogecoin integration on Twitter, as hinted by Elon Musk earlier. The DOGE price has rallied nearly 10% in the last 24 hours, while other cryptocurrencies fall.
Whales Jump Into Dogecoin Rally
According to Whale Alert, a whale transferred 450,000,000 Dogecoin (DOGE) worth nearly $40,221,539 at 01:16 AM UTC on January 31. The whale accumulation came after reports of Elon Musk’s master plan for Twitter payments surfaced in the crypto community.
Currently, Twitter payments will only utilize fiat currency, but cryptocurrency functionality will be available in the near future. The team under Esther Crawford, Director of Product Management at Twitter, is already involved in making the payments feature work for the platform. Musk earlier expressed interest in launching peer-to-peer transactions, savings accounts, and debit cards on Twitter.
It was not the only whale move, Dogecoin Whale Alert data revealed a number of whales accumulating DOGE. Another top-20 whale moved 352,422,225 DOGE worth over $32 million.
On-chain data reveals that nearly 2 billion Dogecoin (DOGE) tokens were traded in the last 24 hours, with total transactions of over 20,000.
Moreover, the whale that moved over 450,000,000 DOGE now has 1.18 billion DOGE tokens in the wallet and has become the 11th largest Dogecoin whale.
DOGE Price Moves To Hit $0.1
Dogecoin (DOGE) price jumped nearly 10% in the last 24 hours, with the price currently trading at $0.092. The 24-hour low and high are $0.085 and $0.095, respectively. Furthermore, the trading volume has increased by 150% in the last 24 hours, indicating an increase in interest.
However, the market-wide pressure ahead of the Fed rate hike decision may cause the Dogecoin price to lose earlier gains. Traders expect a 25 bps rate hike by the Fed, but a 50 bps rate hike is also on the table.
Also Read: Will India Reduce Tax Burden and TDS For Crypto in the Budget 2023?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Elon Musk’s X Cracks Down on InfoFi Crypto Projects; KAITO Token Falls 15%
- Bitget’s Tokenized Stock Platform Hits $18B as Traditional Assets Move On-Chain
- XRP News: RLUSD Gets Institutional Adoption Boost as Ripple Invests $150M in LMAX Group
- Gemini Card Review 2026 – Best Suited To Earn Rewards In Crypto
- Breaking: CME To Launch Cardano, Chainlink, and XLM Futures Amid Plans For 24/7 Crypto Trading
- Here’s Why Ethereum Price Will Hit $4k By End of Jan 2026
- Solana Price Outlook Ahead of the Alpenglow Upgrade
- Bitcoin and XRP Price Prediction As US Senate Cancels Crypto Market Structure Bill Markup
- Dogecoin Price Poised to Hit $0.18 After Bullish Inverse Head and Shoulders Breakout
- Bitcoin Price Forecast: How the Supreme Court Tariff Decision Could Affect BTC Price
- Ethereum Price Prediction as Network Activity Hits ATH Ahead of CLARITY Markup
