New data show that a Dogecoin (DOGE)-Wal just moved nearly $ 1 billion in crypto while paying less than a dollar in transaction fees.
According to the DogecoinBlockchain-Explorer DogeChain moved crypto investor DOGE worth $ 973.01 million to two different wallets in a single transaction.
The first wallet raised 80 million DOGE worth $ 13.78 million. A second wallet received 5.3 billion DOGE, valued at $ 913.09 million.
At the time of writing, the 5.3 billion DOGE transfer is in a “not yet redeemed” status, indicating that the transaction has not yet been completed.
For the hundreds of millions of dollars worth of transaction, the Dogecoin whale only spent 4.49 DOGE in transaction fees, which amounts to $ 0.76 at the time of writing.
The crypto whale that initiated the massive transfer was the second largest Dogecoin, according to BitInfoChartsWalletthat existed before the transaction.
The outbound transaction made the large wallet the 48th largest Dogecoin-Address moved as it now holds over 236 million DOGE, valued at approximately $ 40.8 million. The crypto investor holds 0.1785% of the total offer from DOGE.
The whale’s movements come after tech billionaire and Tesla CEO Elon Musk sent the popular dog meme coin’s price soared last week after it was announced the electric automaker would accept payments in DOGE for select goods, though unclear remains of which items are available in Dogecoin.
According to the business tycoon recently named Person of the Year 2021 by Time Magazine, DOGE is compared to Bitcoin a better form of payment.
“The total flow of transactions that you can carry out with Dogecoin is much more than … like transactions per day [on Dogecoin] is much higher than, has a much higher potential than Bitcoin.
[Dogecoin] is slightly inflationary, but this inflationary number is a fixed number, not a percentage.
That means the percentage inflation actually decreases over time.
And that’s actually good because it encourages people to spend it instead of hoarding it as a store of value. “
Musk’s announcement dropped the course from Dogecoin rose from $ 0.15 to $ 0.21 in just two hours on December 14, an increase of 40%. DOGE has since stabilized and is currently trading hands at $ 0.17, a 19% decrease from its 7-day high of $ 0.21 and a 26% decrease from its 30-day high of 0, Equals $ 23.
Check price promotion
Source: Crypto News Deutsch