This happened because Dogecoin interest was revived due to Elon Musk’s return to his purchase agreement of Twitter.
There were roughly 90 transactions altogether as they moved these Dogecoin for total fees of merely 142 DOGE – that is $9 USD.
It was revealed last week that Elon Musk, Tesla’s centibillionaire boss, had renegotiated his deal to purchase Twitter for $44 billion. The news generated a lot of interest in Dogecoin, as Musk had suggested earlier this year that DOGE be used to pay for Twitter Blue subscriptions.
Musk is a well-known fan of DOGE, who used to drive the coin’s price up with his tweets. In them, Musk several times called Dogecoin “the currency of the people” and promised to take DOGE to the moon. Tesla has accepted DOGE since January to pay for its merchandise in the online shop. SpaceX did the same in spring.
The same source also reported that one of the most popular trading venues – Robinhood app – is holding a staggering amount of DOGE on behalf of its customers.
At the time of this writing, the platform’s wallets contain a total of 40,508,384,607 Dogecoin. This is the equivalent of $2,518,365,763 and constitutes 29.70 percent of the meme coin’s circulating supply.