$2.37 million of Doge was transferred from an address that has been dormant for 8.6 years. Lookonchain disclosed that the whale’s holding coins was less than $0.001.
Data from Bitlnfocharts shows that the whales accumulated Doge from December 2013, when the coin was issued through March 2014.
Wallet tracker estimates the whale’s profit from price movement to be around $326,401.43. The whale emptied its wallets with two transactions of 356,285 Doge and 2,018,529.44 Doge respectively.
A parabolic surge in Dogecoin fueled speculations that it is because of a $44 billion Twitter deal by Elon Musk, a long-time backer of Dogecoin.
At the time of writing, the dogecoin price is $0.140928 with a live market cap of over $18 billion USD.
