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<h2 id="header-0">In the past few years, Dogecoin has grown a visible popularity among crypto whales and individuals as the token&#39;s price has climbed significantly. In addition, Dogecoin also became a highly popular blockchain infrastructure, attracting millions of fans, including well-known celebrities.</h2><p>Dogecoin gained attention through tweets posted by Tesla owner Elon Musk. Musk is recognized as the big daddy of Dogecoin because he is one of Dogecoin&#39;s biggest supporters.</p><p>In the most recent development, Twitter CEO Elon Musk recently created a poll asking its followers, &#34;should I step down as CEO of Twitter?&#34; The tweet initially led Dogecoin to climb, but the conclusion of the tweet came against Musk.</p><h3 id="dogecoin-whale-moves-almost-4b-doge-tokens">Dogecoin Whale Moves Almost 4B DOGE Tokens</h3><p>In a tweet on December 20, Lookonchain, a Web3 analytic tool, revealed that Dogecoin&#39;s largest holder &#34;DPDLBA&#34; moved 3.84 billion DOGE worth $280.6 million to address &#34;DDuXGM&#34; today.</p><p>On-chain data reveals that &#34;DPDLBA&#34; is the largest Dogecoin holder, accounting for around 25.24% of the total supply. The wallet address has 34.68 billion DOGE, which is worth $2.6 billion. Unexpectedly, the address that received 3.8 billion DOGE became the fifth largest address on the network after the transfer.</p><p>One point to be noted here is that neither address is outdated, and both are continuously transacting, which might indicate that at least one of the addresses is linked to a trading or OTC platform that uses the wallet as an operational tool.</p><p>However, this is not the only batch of Dogecoin transfers; the community has earlier witnessed massive amounts of Dogecoin transfers in a range of transactions. This indicates that Dogecoin is about to face a significant shift in trade volume or price.</p><h4>Dogecoin Price Action</h4><p>According to prominent trader Peter Brandt, Dogecoin is forming the &#34;Here We Go Round the Mulberry Bush&#34; chart pattern.</p><p>This means that Dogecoin is currently in the midst of a round trip, indicating that price gains are being followed by losses. The metaphor here emphasizes the notion that DOGE is incapable of progressing since it keeps spinning in circles.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/72eaf7a46e1d43859792e2f616315fd8.jpeg" /></p><p>The world&#39;s most popular <a href="https://www.coingabbar.com/en/crypto-blogs-details/what-are-meme-coins" rel="noopener noreferrer nofollow">meme token</a> is currently trading below the 50 &amp; 200 MA at a price of $0.07414, and increased by 4.75% in the last 12 hours. The token currently holds a market cap of $10.21 billion and ranks 8th in terms of market valuation.</p><p><strong>What are your thoughts on the future of Dogecoin? Do you agree with Peter Brandt&#39;s analysis of the token? Share your thoughts in the comment section below.</strong></p><p><strong>Read also: <a href="https://www.coingabbar.com/en/crypto-currency-news/dogecoin-price-analysis-cmp-dollar-will-bulls-able-hold-v-top-reversal-pattern" rel="noopener noreferrer nofollow">DOGECOIN PRICE ANALYSIS CMP- $0.07400: Will the Bulls be able to hold the V-top reversal pattern?</a></strong></p>

Largest Dogecoin holder transfers DOGE Worth $280 Million

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