73M DOGE Sent In A Single Transaction As Dogecoin Whales Remain Frenzied By The Terrapocalypse

Zinger Key Points
  • The transaction's transfer value was nearly $6.6 million as of press time.
  • This transaction was preceded by a 50 million Dogecoin transaction on Monday.

Nearly 73 million Dogecoin DOGE/USD were moved from an unknown address to an unknown wallet in a single transaction earlier on Wednesday. 

What Happened: The transaction processed on Monday moved 72,888,274 DOGE from an unknown address to an unknown wallet for a total transfer value of nearly $6.6 million as of press time, according to transaction tracking service Clank.

See Also: How To Earn Free Crypto

This transaction was preceded by a 50 million Dogecoin transaction on Monday, which saw coins being moved from an unknown address were moved to an unknown wallet.

Activity levels on the Dogecoin blockchain have to yet completely settle down after showing a higher than usual level of activity for an extended period due to multiple key factors.

The first rush of activity occurred on the day Tesla Inc TSLA CEO Elon Musk's Twitter Inc TWTR acquisition was announced spurring hopes he would integrate Dogecoin into the platform. On that day, the network processed about 400 transactions worth at least $2 million within 24 hours.

Then the Dogecoin blockchain showed a heightened level of activity once again when spurred by the collapse of smart contract cryptocurrency Terra LUNA/USD and its integrated stablecoin TerraUSD UST/USD.


Posted In: TerrapocalypsewhaleWhalesCryptocurrencyNewsMarkets

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.