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Dogecoin Records Massive Whale Accumulation After Twitter Payment Update

Whales onboard Dogecoin price rally as Elon Musk releases master plan for Twitter payments. DOGE price jumps 10%.

It is reported that Elon Musk first applied for a strict regulatory license for Twitter payment in the United States, and the whales transferred to many Dogecoin (Dogecoin, DOGE). As Elon Musk suggested earlier, the Dogecoin community has been actively waiting for the integration of Dogecoin in Twitter. The price of DOGE has increased by nearly 10% in the past 24 hours, but other cryptocurrencies have declined.

Whales jump into Dogecoin party

According to the whale alarm, a whale was transferred to 450000000The use value of Dogecoin (DOGE) is close$40221539, UTC, 01:16 a.m. on January 31. After the report of Elon Musk's overall plan for Twitter payment in the data encryption cell, the total number of whales soared.

At this stage, Twitter payment will only use the currency in circulation, but the role of cryptocurrency will be available in the near future. Esther Crawford, the director of Twitter product operation, has already participated in the payment tool of the website. Elon Musk earlier expressed his interest in publishing peer-to-peer transactions, bank card accounts and savings cards on Twitter.

This is not the only whale migration. The data of Dogecoin whale alarm shows that many whales have accumulated usage. The other whale in the top 20 moved 352422225 dagos, with a use value of more than $32 million.

On-chain data shows that nearly 2 billion Dogecoin (Dogecoin, DOGE) tokens have been bought and sold in the past 24 hours, with a total turnover of more than 20000 transactions.

In addition, 450000000 whales have been movedDOGE now has 1.18 billion DOGE tokens in its wallet, which has become the 11th largest Dogecoin whale.

DOGE rose to US $0.1

In the past 24 hours, the price of Dogecoin (Dogecoin) has increased by nearly 10%, and the current transaction price is 0.092 US dollars. At the end of the 24 hours and higher, it is $0.085 and $0.095 respectively. In addition, the trading volume has increased by 150% in the past 24 hours, indicating an increase in interests and hobbies.

However, the working pressure of the sales market before the US interest rate increase is confirmed may cause the price of Dogecoin to lose its earlier increase. The traders predicted that the Federal Reserve meeting would raise interest rates by 25 percentage points, but both would increase interest rates by 50 percentage points.

Load at the same timeWill India also reduce the negative tax and cryptocurrency TDS in the 2023 expense budget?

by wjb news
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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