Abnormal $231 Million DOGE Transfer Stuns Dogecoin Rich List

News Fri, 17/01/2025 - 10:35 A A A Cover image via www.freepik.com Read U.TODAY on Google News Sudden massive transfers of the major meme cryptocurrency Dogecoin (DOGE) rocked the crypto scene today, as 600 million coins changed hands in just 10 minutes, as Whale Alert reported. The shift of $231.57 million worth of DOGE took place in two tranches. The addresses used are "D78RSZm" and "DQhgaRJ," with the former being the sender and the latter the recipient. Advertisement It is interesting to note that the sender's wallet is one of the richest Dogecoin holders, currently holding 18th place with over 761 million DOGE, which is equivalent to about $310 million. At the same time, the receiving wallet has also made it to the DOGE rich list with a recent transfer and is now the 21st largest holder of the meme coin overall. Related Thu, 01/16/2025 - 14:19 Dogecoin (DOGE) Finds Major Support Just 100% Away From All-Time High Gamza Khanzadaev HOT Stories 'Rich Dad Poor Dad' Author Reveals Big Asset Similar to Bitcoin: ‘Supply Low, Demand Up’ Bitcoin Reclaims $102K Amid Speculation About Strategic Reserve XRP Surpasses Bitcoin in Trading Volume on Coinbase XRP ETF Approval Odds Surge as Token Hits New Record High Thus, we can say that in just 10 minutes, Dogecoin witnessed the biggest change in wealth in its recent history, while also adding a new member to DOGE's rich list. Of course, both addresses could belong to the same entity. Advertisement Top 100 Dogecoin holders The intriguing thing is that they probably do not belong to any exchanges. At least the on-chain story does not have a label on it. That is a good thing because, in this case, Dogecoin enthusiasts may be hoping for some volatility, as the movement was not an internal exchange operation and, therefore, may cause a ripple effect at some point on the Dogecoin price chart. Related Thu, 01/16/2025 - 00:01 Bitcoin (BTC): This Breakout Opens $100,000, Major Dogecoin (DOGE) Reversal Pattern Here, Solana (SOL) Bounces Off: But What's Next? Arman Shirinyan We may already be seeing some of this, as DOGE is up over 10% during today's trading session, with most of the spike occurring immediately after the transfer was made. There is definitely more to this DOGE wealth shift, so it is best to keep an eye on what's next for the popular meme coin. Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. #Dogecoin #Dogecoin News