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The largest Dogecoin whale DPDLBAe3RGQ2GiPxDzhgjcmpZCZD8cSBgZ transferred over 3.8 billion DOGE tokens to the wallet address DDuXGMFNGpGjaAqyDunSMvceMBruc1wwKF. The pockets tackle “DDuXGM” has now develop into the fifth largest DOGE holder. Is Elon Musk shifting DOGE or Robinhood shifting DOGE amid the market uncertainty.

Dogecoin Whale Moves Almost 4 Billion DOGE Tokens

Lookonchain in a tweet on December 20 revealed that Dogecoin’s largest holder “DPDLBA” has transferred 3.84 billion DOGE value $280.6 million to deal with “DDuXGM” right now.

On-chain information reveals that “DPDLBA” is the biggest holder of Dogecoin and holds virtually 25.24% provide. The pockets tackle holds 34.68 billion DOGE value $2.6 billion. The second-largest holder of Dogecoin holds 7.55 billion DOGE, which is 5.50% of whole provide. Thus, there’s a large distinction between pockets holdings.

“DDuXGM” is now the fifth-largest Dogecoin that holds over 3.84 billion DOGE and accounts for two.80% provide. On-chain information signifies six equal transactions of 632,479,064.94 DOGE had been constructed from “DPDLBA” to “DDuXGM” and a single transaction of 49,074,826.85 DOGE. Therefore, the pockets grew to become the fifth largest DOGE holder in simply an hour.

Many consider Elon Musk is the biggest holder of Dogecoin and holds huge quantities of DOGE. However, historic information suggests the “DPDLBA” is related to Robinhood.

Crypto buying and selling app Robinhood moved all Dogecoin from its chilly pockets right into a single pockets in July. As per blockchain pockets tracker Dogecoin Whale Alert, Robinhood moved all 41 billion DOGE it holds to “DPDLBA”. The motion may very well be associated to Elon Musk stepping down as CEO of Twitter.

The results of Elon Musk’s Twitter poll to step down as the top of Twitter got here out in opposition to Musk. After about 12 hours, the outcomes with greater than 17 million votes, the place 57.6% of individuals agreed that Musk ought to step down from his place at Twitter.

DOGE Price Remains Weak

Dogecoin value fell after Elon Musk recommended abiding with the poll results. DOGE value dropped to low of $0.070, earlier than rising once more to excessive of $0.078 within the final 24 hours. Also, the DOGE value is at present buying and selling at $0.074, down practically 6% in a day and 16% in every week.

The DOGE value is anticipated to stay weak this month, as Bitcoin price risks losing its support level amid market uncertainty.

Also Read: How Japan Monetary Policy Will Impact Bitcoin, Ethereum Price

Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his information about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been related to the blockchain and cryptocurrency business for a considerable interval and is at present protecting all the newest updates and developments within the crypto business.

The offered content material might embrace the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability to your private monetary loss.