Dogecoin

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
DOGE-themed account @dogeofficialceo has published a post on the X/Twitter social media network to survey other Dogecoin fans if they are ready to start using <a href="https://u.today/dogecoin-doge-shines-as-elon-musks-x-prepares-to-launch-p2p-payments" rel="noopener noreferrer nofollow">DOGE for payments</a> and tipping on the platform should it be integrated by its owner, Elon Musk.
Numerous responses to it show that, indeed, the DOGE community is willing to do so. Some DOGE fans stated that they would agree to do that if users link their wallets into the platform.
<blockquote>
 hard yes <a href="https://t.co/z8JTM9XD6y" rel="noopener noreferrer nofollow">pic.twitter.com/z8JTM9XD6y</a>— Ʌlpha Doge (@MrDylanKrug) <a href="https://twitter.com/MrDylanKrug/status/1747601099861668072?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 17, 2024</a>
</blockquote>
The Dogecoin community got stirred up approximately a week ago as news spread that Elon Musk was preparing to kickstart peer-to-peer payments on X. The company’s official blog post stated that P2P payments will be introduced this year, making the platform offer “more utility and opportunities for commerce” and also let X take yet another step toward becoming an “everything app,” in accordance with the plan voiced by its new owner, Elon Musk, as he was closing the $44 billion deal on purchasing Twitter in October 2022. Last year, X secured licenses for payment processing across various U.S. states.
In his earlier interviews, Musk once stated that Dogecoin is far better suited for payments than Bitcoin, and before acquiring the company, he mentioned many times that implementing DOGE as a means of payment on Twitter would be a good idea since he is a big fan of Dogecoin himself. DOGE was inspired by memes, and Musk is a great meme lover, who likes posting them on his X page frequently.
While Musk has not made any official statements about whether DOGE will be officially used on X, he did make it clear that the company (all of his companies, actually) is not going to create a native cryptocurrency. Thus, he dispelled rumors about an “X coin” being launched.
<h2 id="over-billion-doge-moved-this-week">Over billion DOGE moved this week</h2>
According to Whale Alert blockchain sleuth, over the past 24 hours, an anonymous buyer withdrew 67,903,623 Dogecoin from Robinhood – a popular brokerage platform. Earlier this week, the same source reported a much bigger amount of these meme coins transferred – <a href="https://u.today/990000000-dogecoin-exchange-hands-doge-community-abuzz" rel="noopener noreferrer nofollow">990,000,000 DOGE</a> worth $79,757,842 at the time when the transaction was made.
<blockquote>
 🚨 67,903,623 <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#DOGE</a> (5,549,241 USD) transferred from <a href="https://twitter.com/hashtag/Robinhood?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Robinhood</a> to unknown wallet<a href="https://t.co/381LGoHzwD" rel="noopener noreferrer nofollow">https://t.co/381LGoHzwD</a>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1747373653409370312?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 16, 2024</a>
</blockquote>
In the meantime, over the past 24 hours, the original meme cryptocurrency DOGE has lost around 2.85%, dropping to $0.0805.

Dogecoin Army Ready to Use DOGE on X: Survey

Table of Contents

U_Today

Other articles published on Jan 17, 2024

U.S. Spot Bitcoin ETFs Reach $10B Trading Volume in 3 Days; Grayscale Accounts for Over Half of t...

Telcoin Boosts Decentralization Efforts by Kicking Off the Non-Profit Telcoin Association

Cryptocurrency: 2 Coins Under $1 With Strong Growth Potential

Grayscale’s Bitcoin ETF sees $1.1 billion outflow amid narrowing discount

Gemini launches services in France following regulatory approval

Ripple on the Move? Massive 80 Million XRP Transfer Revealed

Join our free newsletter for daily crypto updates!