This morning, Dogecoin surged 8% to $0.1 in just one hour, and the on chain analysis account Lookonchain claimed that Musk was the largest whale to transfer out 300 million Doges 5 hours agoMusk's unique love for Dogcoin is a well-known fact in the cryptocurrency market, including Musk's previous announcement to build a payment system on Twitter, which was once seen as good news by Dogcoin investors, believing that Musk may support the use of Dogcoin within Twitter payments
This morning, Dogecoin surged 8% to $0.1 in just one hour, and the on chain analysis account Lookonchain claimed that Musk was the largest whale to transfer out 300 million Doges 5 hours ago
Musk's unique love for Dogcoin is a well-known fact in the cryptocurrency market, including Musk's previous announcement to build a payment system on Twitter, which was once seen as good news by Dogcoin investors, believing that Musk may support the use of Dogcoin within Twitter payments.
The on chain analysis account Lookonchain only proposed on November 1st that Musk is likely the anonymous wallet holder of the largest whale in Dogcoin. Although Bitinfocharts considers it to be an address controlled by internet brokerage Robinhood, Lookonchain posted again this afternoon, pointing out that the Dogcoin whale address has just transferred 300 million DOGE.
Dog coins surged 8% this morning
At around 9 o'clock this morning, Dogcoin broke through $0.1 per coin from $0.0943 within an hour, an increase of nearly 8%. Lookonchain pointed out that the largest anonymous wallet had transferred out 300 million DOGE coins worth nearly $30 million in the first 5 hours of the increase. Lookonchain named Musk in a post:
Giant whales and market makers always take a step forward before rising, Musk. Are you pulling the price?
Rumor has it that Musk will collaborate with V God to build dog coins
Dogcoin has risen by 36.2% in the past seven days, mainly due to cryptocurrency entrepreneur David Gokhshtein's speculation in a post on the 25th that Musk will collaborate with Ethereum co founder VitalikButerin (V God) to improve Dogcoin and turn it into a key currency in the cryptocurrency market.
In addition, many people believe that the payment system in Twitter's upcoming 2.0 plan will benefit several cryptocurrencies, including Dogcoin, causing investors to be optimistic about the future trend of Dogcoin.
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