JAKARTA - Dogecoin (DOGE) is one of the most popular crypto assets today, thanks to the support of well-known figures such as Elon Musk and Mark Cuban. However, not everyone who owns DOGE wants to sell it in the market. Some of them are whales, or someone who has a very large DOGE number.
Just information, the term "whale" refers to individuals or entities holding a certain amount of coins or crypto assets. The size of coins or crypto assets owned by whales may vary, but are usually considered significant holders in the market, as they have the ability to influence market prices by their sell or purchase decisions.
One of DOGE's mysterious whales recently carried out several massive transactions that attracted public attention. According to Whale Alert, a platform that monitors high-value crypto transactions, this whale moved 350 million DOGE worth 26.5 million US dollars (Rp 396 billion) from one crypto wallet to another.
What's surprising is that the cost of making this transaction is very low, only about 4.16 DOGE or equivalent to 0.31 dollars (equivalent to Rp4,642) based on today's exchange rate. This transaction occurred at a time when DOGE was experiencing a significant price increase.
In the past week, DOGE prices fell 4.9 percent. While in 24 hours it fell 1.6 percent. At the time of writing DOGE, it was trading at Rp1,118 according to a Coinecko data report.
Even so, it is reported that the DOGE development team will update this project to improve its performance and functionality. This update will include support for QR codes, other languages, message signatures, and programs that can be used in Windows.
In addition, this update will also fix some of the technical problems faced by DOGE developers, such as checking and repairs to a number of problems in the network and their functionality.
It is not yet known what the purpose of this DOGE whale is to move its millions of tokens. Whatever the purpose of the DOGE-owned entity, this transaction shows that there is a lot of interest and activity around DOGE, which could have a positive impact on its price and adoption.
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