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- Over 500 million Dogecoin has been transferred to 2 nameless wallets
- The sending and receiving wallets are new, with no prior transaction historical past
- Group members speculatively recommend Elon Musk was behind the transfers
Hypothesis about tech billionaire Elon Musk shopping for Dogecoin (DOGE) has resurfaced within the crypto sphere amid the motion of over half a billion items of DOGE between unknown pockets addresses.
In a latest put up on X, the massive pockets tracker Whale Alert known as consideration to the large switch of 400,000,000 Dogecoin tokens. The meme tokens had been valued at $34,115,063 on the time of the transaction. Notably, the identities of the sender and the recipients of the Dogecoin are unknown per the disclosure from Whale Alerts.
Additional scrutiny of blockchain information means that the amount of Dogecoin moved between the sender and the recipient is past the values captured within the tweet from Whale Alert.
Specifically, the transaction hash advised that the sender transferred 512,687,495 DOGE value $45,880,404 to 2 recipients in the identical transaction. Whereas one of many recipients took a retailer of 400 million DOGE, the opposite bought 112,687,494 tokens value $9,537,757.
Notably, the sending and receiving wallets are freshly generated, with the simply executed transaction marking their sole exercise. Curiously, the over half a billion items of Dogecoin moved attracted a paltry transaction price of $0.09.
Whereas blockchain information supplied no clues to the entities behind the transactions, crypto neighborhood members are speculatively pointing palms at Elon Musk, given his longstanding rapport with the Dogecoin neighborhood. “Musk shops property,” an X person remarked humorously whereas responding to the replace from Whale Alert.
Nonetheless, it’s value mentioning that Elon Musk has constantly dissociated himself from cryptocurrency. Final 12 months, he tweeted that he was once eager about crypto till the AI frenzy took middle stage. In subsequent updates, Musk declared that none of his corporations will launch a crypto asset.
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