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Dogecoin News: Elon Musk’s favourite meme coin Dogecoin has seen elevated buying exercise in the previous few days as Twitter CEO Musk continues to affect the DOGE value. Major accumulation was additionally seen from the highest 20 whales after Musk’s Twitter Payment remark.

On-chain information platform Lookonchain in a tweet on February 16 revealed {that a} whale has obtained 250 million DOGE price $63 million from crypto change Crypto.com. After the acquisition, the whale entered the highest 20 wealthy checklist of Dogecoin.

The whale additionally bought 200 DOGE price $39 million from Crypto.com on Wednesday. The pockets tackle now holds 709,289,274 DOGE, as per data by BitInfoCharts. Other whales additionally collected DOGE amid the current rally, transferring over billions in DOGE.

On Wednesday, Elon Musk’s meme declaring his canine “Floki” as the new CEO of Twitter sends meme coin costs together with Dogecoin, Floki Inu, and Shiba Inu to rally increased. Floki Inu (FLOKI) value is at the moment buying and selling at $0.00005337, up 40% prior to now 24 hours. FLOKI price has soared by a whopping 430% over the previous 30 days.

Dogecoin can be one of many high 10 bought tokens among the many 100 largest BSC whales within the final 24 hours. Moreover, it’s as soon as once more probably the most used sensible contract among the many high 4000 BSC whales within the final 24 hours, in accordance with information by WhaleStats.

Dogecoin Price Awaits Upside Momentum Amid Positive News

The crypto market recorded an enormous restoration within the final 24 hours, with Bitcoin and Ethereum costs skyrocketing practically 12% and 10%.

Dogecoin price additionally jumped over 5%, however quit earlier good points as a result of profit-taking by traders. DOGE value at the moment trades at $0.08866, up 2%. The 24-hour high and low are $0.0859 and $0.0902, respectively.

Also Read: Reasons Behind Bitcoin And Ethereum Rally Today, More Upside Ahead?

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

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