# Whats the Reason for the Unexpected Movement of 792 Million Dogecoins?
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Latest scrutiny from a prominent blockchain specialist exposes that a mysterious whale relocated an astonishing quantity of Dogecoin in merely two hours. Furthermore, as the cost of this meme coin plunged over the previous three days, another considerable portion of Dogecoin was seized.
Toncoin (TON) Value Forecast for March 26th
## Enormous Dogecoin Transfer: 792 Million Coins Being Moved
Whale Alert, famous for observing major crypto transactions and sharing specifics on its platform and X (previously Twitter), stated an enormous Dogecoin transaction that happened a little over two hours ago.
The transaction implicated an astounding 792 million Dogecoins, valued at roughly $157,580,591 at the moment. These coins were moved from one unknown wallet to another, looking like an over-the-counter (OTC) crypto deal.
Numerous spectators interpret this massive transfer as a confident sign for the original meme cryptocurrency, recommending strong confidence in its future.
Adding to the fascination, crypto analyst and trader Ali Martinez shared a chart from Santiment, an on-chain data provider, displaying that whales have amassed 150 million Dogecoins in the previous three days. These are wallets possessing between 10,000 and 100,000 Dogecoins, and the chart specifies they were purchasing the dip during the price decline from March 4th to 6th. Presently, these wallets jointly hold 24.48 billion Dogecoins.
In the last 24 hours, Dogecoin has undergone a significant slump, plummeting by 12.83% and reaching a low of $0.19. This instability highlights the intrinsic hazards linked with meme coins and the capacity for considerable price oscillations.
Dogecoin witnessed a value comeback on this day, jumping by 5.39% to get to $0.20157.
Charles Hoskinson, the creator of Cardano, indicated on social media platform X that Elon Musk ought to enhance Dogecoin, the meme-based digital currency favored by Musk, to evolve into the typical money for X. Hoskinson recommended the use of a Bitcoin plan he created two years prior, implying Dogecoin might connect with Grok, the artificial intelligence item incorporated within X, and utilize a novel verification method to deal with the substantial calculations of Grok AI.
The suggestion further encompassed condition pathways for inexpensive gratuities on X and complete intelligent agreement backing, as well as supplementary quantum protection.
Elon Musk, at present the leader of the Department of Government Efficiency (D.O.G.E.) in the United States, did not react to the suggestion. Hoskinson conceded that he possesses no Dogecoin.
