Over 46 million Dogecoin DOGE/USD were moved in a single transaction earlier on Sunday.
What Happened: The transaction processed on Sunday moved over 40.6 million DOGE from an unknown address to an unknown wallet for a total transfer value of over $3.3 million as of press time, according to transaction tracking service Clank.
See Also: How To Earn Free Crypto
This transaction was preceded by a recent 41 million Dogecoin transaction, which saw coins being moved from an unknown address to an unknown wallet.
Dogecoin's on-chain activity has finally returned to its relatively normal range after multiple events caused it to show a higher than normal levels of activity for an extended period — first when Tesla Inc. TSLA CEO Elon Musk announced his plan to purchase social media giant Twitter Inc. (NYSE: TWTR) and the recent collapse of smart contract cryptocurrency Terra LUNA/USD and its TerraUSD UST/USD native stablecoin.
DOGE Price Action: As of press time, Dogecoin is trading at $0.08178 after seeing its price increase by 0.31% over the last 24 hours.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Visit Benzinga's Crypto Homepage - 1,000,000+ depend on Benzinga Crypto every month