According to cryptocurrency transaction tracker Whale Alert, a huge DOGE transaction has been spotted during the past day.

The total transfer amount was 113k DOGE, and at the time the transaction took place, these coins were worth around $9.4 million in USD.

However, since then the Dogecoin price has continued to show some explosive growth, rising more than 50% in the last 24 hours alone, resulting in this stack now converting to more than $13 million.

Such large crypto transactions usually belong to an individual whale, or an entity made up of a number of investors.

Additional details of the transfer reveal that it went from an unknown wallet (likely a personal wallet), to the crypto exchange Binance.

Source