Blockchain News

Dogecoin Whale Abruptly Moves 350,000,000 DOGE in Multiple Transactions– Here’s Where the Crypto’s Headed

As the value of the meme asset continues to rise, a wealthy investor in Dogecoin (DOGE) has abruptly moved hundreds of millions of DOGE across multiple transactions.

New information obtained from the whale-surveillance platform Whale Alert reveals that a high-net-worth trader abruptly moved 350,000,000 DOGE from one unknown cryptocurrency wallet to another. At the time of the movement, this amount was equivalent to $26,581,455 USD.

According to the Blockchair blockchain search engine, the fee to move the millions of tokens was only 4.16 DOGE, which is equivalent to $0.31 USD. The cryptocurrency was sent by the whale in a total of 11 separate transactions, as discovered by the blockchain tracker.

The team that is responsible for the Dogecoin cryptocurrency made an announcement a week ago that they would be updating the project in order to make it simpler to develop.

During that time period, DOGE developer Michi Lumin stated that the company would be adding support for QR codes, other languages, message signing, and programs that are compatible with Windows.

According to Lumin, the update will also patch up a large number of the prominent issues that Dogecoin developers have been running into. These issues include memory integrity checks, truncation fixes, and length checks for edge cases. Lumin stated that the update will be released soon.

This week, the price of DOGE has been on a tear, surging as it went from its seven-day low of $0.0723 to a peak of $0.0768, representing a 6.2% increase from its previous level.


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