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$233M DOGE Transferred In The Aftermath Of The Terrapocalypse

By Adrian Zmudzinski

Nearly 233 million Dogecoin (CRYPTO: DOGE) was moved from an unknown address to an unknown wallet in a single transaction on Thursday. 

Dogecoin whales — cryptospeak for big holders — are restless again after the collapse of the TerraUSD (CRYPTO: UST) stablecoin and Terra (CRYPTO: LUNA) after having just started to settle down from the heightened levels of activity ever since market enthusiasm was spurred by Tesla Inc (NASDAQ: TSLA) CEO Elon Musk's acquisition of social media giant Twitter Inc (NYSE:TWTR).

See Also: How To Earn Free Crypto

What Happened: The transaction processed on Monday moved 232,899,999 DOGE from an unknown address to an unknown wallet for a total transfer value of about $19.6 million as of press time, according to transaction tracking service Clank.

This transaction was preceded by a 58 million Dogecoin transaction on Saturday, in which coins from multiple addresses were moved to an unknown wallet.

DOGE Price Action: As of press time Thursday, Dogecoin is trading at $0.0858 after seeing its price fall by more than 2.91% over the last 24 hours amid major market turmoil.

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Dive Deeper:
Much Currency! Much Wow! Why Dogecoin Could Be Getting Another Elon Musk-Fueled Lift Thursday
Meme cryptocurrency Dogecoin (CRYPTO: DOGE) is no stranger to sudden spikes in its price.
Dogecoin Stages Sharp Recovery: What's Driving It?
Dogecoin (CRYPTO: DOGE) shot up over 23% to $0.09 over 24 hours leading up to early Friday morning.  DOGE recovered…
Dogecoin Crashes Sharply As Crypto Market Goes Down Bottomless Pit: Who Is To Blame?
Dogecoin (CRYPTO: DOGE) plunged sharply by over 30% to $0.07 in the 24 hours leading up to the early hours…
Why Is Dogecoin Crashing Massively Today
Dogecoin (CRYPTO: DOGE) traded 22.3% lower at $0.09 over 24 hours leading up to Wednesday morning.
One subscription that gives you access to news from hundreds of sites
Dogecoin Creators Blasts 'Tech Bros,' Takes Jab At Terra (LUNA) Founder
Dogecoin (CRYPO: DOGE) co-creator Billy Markus is filled with joy even when he sees tips in the meme coin “flying…
Fear Selling Hits Dogecoin But Here's Where To Watch For The Bounce
It was a rough morning for Dogecoin (CRYPTO: DOGE), as the crypto dropped about 32% between 8:15 a.m. and 8:45…
Get all your news in one place