• Over 500 million Dogecoin has been transferred to two anonymous wallets
• The sending and receiving wallets are new, with no prior transaction history
• Community members speculatively suggest Elon Musk was behind the transfers

Speculation about tech billionaire Elon Musk buying Dogecoin (DOGE) has resurfaced in the crypto sphere amid the movement of over half a billion units of DOGE between unknown wallet addresses.

In a recent post on X, the large wallet tracker Whale Alert called attention to the massive transfer of 400,000,000 Dogecoin tokens. The meme tokens were valued at $34,115,063 at the time of the transaction. Notably, the identities of the sender and the recipients of the Dogecoin are unknown per the disclosure from Whale Alerts.

Further scrutiny of blockchain records suggests that the quantity of Dogecoin moved between the sender and the recipient is beyond the values captured in the tweet from Whale Alert.

In particular, the transaction hash suggested that the sender transferred 512,687…

The post Is Elon Musk Buying Dogecoin? $45,880,404 DOGE Moved to Newly Created Wallets appeared first on Coin Edition.

• Over 500 million Dogecoin has been transferred to two anonymous wallets
• The sending and receiving wallets are new, with no prior transaction history
• Community members speculatively suggest Elon Musk was behind the transfers

Speculation about tech billionaire Elon Musk buying Dogecoin (DOGE) has resurfaced in the crypto sphere amid the movement of over half a billion units of DOGE between unknown wallet addresses.

In a recent post on X, the large wallet tracker Whale Alert called attention to the massive transfer of 400,000,000 Dogecoin tokens. The meme tokens were valued at $34,115,063 at the time of the transaction. Notably, the identities of the sender and the recipients of the Dogecoin are unknown per the disclosure from Whale Alerts.

Further scrutiny of blockchain records suggests that the quantity of Dogecoin moved between the sender and the recipient is beyond the values captured in the tweet from Whale Alert.

In particular, the transaction hash suggested that the sender transferred 512,687…

The post Is Elon Musk Buying Dogecoin? $45,880,404 DOGE Moved to Newly Created Wallets appeared first on Coin Edition.