Whopping 8.779 Billion DOGE Moved, Here's What Happens to Price

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Whopping 8.779 Billion DOGE Moved, Here's What Happens to Price
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Anon whales have shoveled 8.7 billion $DOGE in less than 24 hours. whale_alert Dogecoin

The transferred amount comes close to nine billion DOGE. Here's how the coin's price reacted to that.The stunning 8,779,999,992 Dogecoins were transferred in 10 massive transactions, according to the aforementioned tracker. Six of them carried a similar amount of 680,000,000 DOGE each, worth around $48,603,265.

Those were preceded by one transfer of 449,999,986 DOGE , two transactions of 1,224,999,998 DOGE and one carrying 1,749,999,996 DOGE. This was almost nine billion Dogecoin in total, evaluated at $632,937,556, in accordance with the current exchange rate. The size of these transactions and the fact that many of them moved identical sums of crypto may hint that those lumps might have been transferred by crypto exchanges internally.Earlier today, just as the above-mentioned transactions were taking place, the popular meme coin DOGE — also favored by Elon Musk — demonstrated a rise of 1.38% over the past 24 hours.

This rise happened after the asset lost 3% since Tuesday, May 30. However, by now, the price has dropped a little and the meme coin is

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