A mysterious Dogecoin ($DOGE) whale has moved over 450 million tokens worth over $40.5 million, in a transaction that cost then only 1.01 $DOGE in transaction fees, meaning they paid $0.09 to move such a large amount of tokens.
The transaction was first spotted by whale monitoring service Dogecoin Whale Alert, which pointed out that the funds moved from one of the largest $DOGE wallets on the network to an unknown wallet.
It’s unclear whether the funds belong to a cryptocurrency exchange holding them in cold storage, or a large investor who is moving their $DOGE holdings around on the network. The transaction came shortly after the cryptocurrency’s price surged on a report suggesting Elon Musk is looking to integrate payments services into Twitter that could include crypto.
Musk is a well-known Dogecoin supporter, whose electric car maker Tesla started accepting DOGE payments on its website in late 2021, allowing payments in it for specific products such as its “cyberwhistle.” Musk has also hinted SpaceX could soon accept DOGE payments.
Earlier this week, Musk maintained his push for McDonald’s to accept the meme-inspired cryptocurrency as a payment method after previously putting pressure on the fast-food giant to embrace the cryptocurrency.
Responding to a tweet from the official account of McDonald’s, which had been inactive for a few months, a user asked Musk whether his offer to eat a Happy Meal on TV if the fast-food chain accepts $DOGE as a payment method was still standing, to which Musk responded positively.
Elon Musk’s original offer to McDonald’s came after a cryptocurrency market sell-off that had seen McDonald’s tease the cryptocurrency community with a tweet asking people who run crypto Twitter accounts how they are doing after the sell-off.
Dogecoin was created back in 2013 as a joke. The cryptocurrency’s community is well-known for taking on philanthropic projects, which included helping charitable organizations. It made headlines in 2014 after raising more than $25,000 worth of DOGE to let the Jamaican bobsleigh team attend the Winter Olympics in Sochi.
Featured image via Pixabay