In A Series Of Transactions, DOGE Whale Sends Over $396.8 Million

In a series of transactions on Monday, a top Dogecoin (DOGE) whale sent more than $396.8 million worth of the memecoin to another top bank.

BitInfoCharts, a website that keeps track of crypto data, says that the unknown whale sent a total of 5.44 billion DOGE in seven transactions on Monday afternoon. All seven transactions took place in less than 10 minutes.

At the start of the week, the unknown receiving wallet was the fifth-largest Dogecoin address in the world. At the time of writing, it was the second-largest wallet. It has 8.84 billion DOGE, which is worth more than $643 million.

After the seven transactions, the sending wallet fell from being in the top 10 to being the 19th biggest wallet. However, it is now back in the top 5 after getting more than 5.46 billion Dogecoin in two separate transactions on Tuesday morning.

BitInfoCharts says that the sending whale has about 6.27 billion DOGE right now, which is worth more than $456 million.

At the moment, Robinhood’s wallet holds about 22.6 billion DOGE, which is worth more than $1.6 billion. This makes it the address with the most Dogecoins in the world. The online trading giant owns 16.23% of all Dogecoins in circulation.

At the time of writing, DOGE is worth about $0.0729. The ninth-ranked cryptocurrency by market capitalization has lost 0.43 percent in the last 24 hours.