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According to cryptocurrency transaction tracker Whale Alert, a huge DOGE transaction has been spotted during the past day.
🚨 112,931,819 #DOGE (9,371,449 USD) transferred from unknown wallet to #Binancehttps://t.co/DSL7bcv8e6
— Whale Alert (@whale_alert) October 28, 2022
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.
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