A staggering quantity of the meme currency DOGE was transmitted on the blockchain a little more than two hours ago, according to Whale Alert, after Tuesday’s announcement that Elon Musk’s (TSLA) proposed acquisition of Twitter was once again on the way to resume on October 4th.
The amount that was transmitted on the chain was over 500 million meme coins. Together, these transactions total about one billion DOGE in just two days. In addition, Whale Alert discovered a total of 386 million Dogecoins exchanged between two anonymous wallets. The estimated value of this number of meme coins is $25,187,368.
🚨 386,082,773 #DOGE (25,187,368 USD) transferred from unknown wallet to unknown wallethttps://t.co/klCuL5pkCu
— Whale Alert (@whale_alert) October 6, 2022
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Moreover, 836 million Dogecoins were transferred on October 5th, totaling 449,999,998 DOGE. It is the second large-scale transaction in the last two days that the cryptocurrency tracking service has spotted (Whale Alert).
However, DOGE, the tenth largest cryptocurrency, is currently trading at $0.064322, up 1.5% over the previous day. According to statistics from CoinGecko, it also indicates an increase of 5.8% over the preceding seven days.
DOGE Price Rises Vs Twitter Acquisition Deal Resumes
DOGE, the tenth largest cryptocurrency, is currently trading at $0.064322, up 1.5% over the previous day. According to statistics from CoinGecko, it also indicates an increase of 5.8% over the preceding seven days.
According to a letter from Musk’s lawyers to Twitter’s lawyers that was also filed with the SEC, Tesla (TSLA) CEO Elon Musk has recommended moving through with his on-again/off-again agreement to purchase Twitter (TWTR) at the initial agreed-upon price of $44 billion, or $54.20 per share.
Furthermore, the letter also demanded that the case Twitter had filed against Musk, which was scheduled for trial in only two weeks, be promptly stayed in order to persuade him to proceed with the sale.
The board of the social media company approved the Tesla CEO’s initial bid to purchase Twitter in April for around $44 billion in cash. As a result of Twitter’s alleged fraudulent and deceptive assertions regarding the volume of spam or fake accounts on the network, Musk withdrew his offer in July.
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