Major Dogecoin Transfers Create Buzz Among Crypto Traders
Dogecoin, the internet-famous cryptocurrency, made waves with some colossal transactions, catching the eye of the crypto community worldwide.
An eye-popping 1 billion DOGE was on the move, causing quite a stir among traders and investors.
The buzz revolved around these mammoth transactions involving undisclosed wallets. Two standout transfers occurred on January 4, 2024, totalling a staggering 1.19 billion DOGE. The first saw 883.01 million DOGE shifting hands through various wallet addresses, ultimately landing in an address tagged ADNbM5fBuj…nsLp19ki3n.
Adding to the intrigue, a second transaction involving 307.49 million DOGE followed a similar pattern, with multiple wallet addresses contributing to the movement towards the same destination address.
Notably, these movements amounted to a hefty $98.33 million between these undisclosed wallets at the time of these transactions.
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Shifting focus to Dogecoin’s market performance, the charts portrayed a minor 0.56% downtick over the last twenty-four hours, settling at $0.08246. The weekly and monthly perspectives didn’t paint a rosy picture either, with declines of 10.86% and 7.91%, respectively.
Despite this, the day began with promising green trends before witnessing a slight slip in the market. Trading volume took a considerable hit, plunging by 25.48% to $526.06 million. The market cap experienced a marginal decrease of 0.43%, resting at $11.77 billion at the time of reporting.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
