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Dogecoin Price News: A mysterious Dogecoin whale has emerged from the ashes and shocked the cryptocurrency market. According to a tweet posted by Lookonchain, a Dogecoin pockets that has not been lively for 2 years has transferred 326.5 million dogecoins to a brand new handle. This will be the results of Twitter CEO Elon Musk wanting the social media platform’s cost system to accommodate cryptocurrencies similar to Dogecoin.

Dogecoin Whale Wakes Up

On Feb. 17, Lookonchain’s Twitter account announced the reawakening of a dormant Dogecoin whale. This handle lately transferred 326,383,472.76 million DOGE tokens (value roughly $28 million) to a brand new handle after not being lively for 2 years till right this moment.

Many Twitter customers are making enjoyable of whoever owns the pockets by calling the individual “Lazy.” Some advised that the individual lastly realized he/she is a millionaire and determined to unlock the fortune. Others mentioned the huge Dogecoin value dump is coming.

DOGE Pump Incoming?

This giant switch may result in a downward value motion for the meme cryptocurrency. On the opposite hand, if the individual instantly sells them in the marketplace, this might enhance the availability and push the value down. But there may be yet one more state of affairs, the place the recipient can maintain onto the cash for somewhat longer earlier than promoting them, this can go away minimal affect on the Dogecoin price.

At press time, Dogecoin is buying and selling at $0.08656, with a 2.53% value lower within the final 24 hours. With a market capitalization of $11,484,035,384 and a 24-hour buying and selling quantity up by 4.86%. Now it stands at $727,209,980. At the identical time, the circulating provide is roughly 132,670,764,300 DOGE as per the crypto market tracker CoinMarketCap.

Also Read: Dogecoin News: Whales Scoops Billions In DOGE After Elon Musk Tweet, Is $0.1 Next?

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