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Benzinga
Benzinga
Business
Adrian Zmudzinski

300M Dogecoin Moved In One Go As Market Enthusiasm Sends Whales Into Frenzy

Dogecoin Nasdaq Tesla Inc. Elon Musk Crypto

Exactly 300 million Dogecoin (CRYPTO: DOGE) — the world's first and leading memecoin — were moved in a single transaction earlier today, after the coin's most famous fan and world's richest person, Tesla Inc (NASDAQ:TSLA) CEO Elon Musk sent it soaring by acquiring Twitter Inc. (NYSE:TWTR) amid rumors of possible future DOGE-enabled features.

What Happened: The 300 million Dogecoin moved earlier on Tuesday are worth more than $47 million as of press time, according to big transaction tracking service Clankapp. Dogecoin whale — cryptospeak for large holder — tracking service Dogecoin Whales shows that about 400 transactions worth more than $2 million each have been processed by the blockchain over the last 24 hours.

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