2024

Dogecoin

Million

Change

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In a startling turn of events within the&nbsp;<a href="https://u.today/doge-price-prediction-for-february-21" rel="noopener noreferrer nofollow">Dogecoin</a> community, a staggering 400 million DOGE tokens have vanished without a trace, leaving experts puzzled and investors on edge. The abrupt disappearance unfolded in a series of mysterious transactions between unknown wallets, prompting a flurry of speculation and concern within the DOGE community.
According to insights shared by&nbsp;<a href="https://x.com/whale_alert/status/1760578586010935329?s=20" rel="noopener noreferrer nofollow">Whale Alert</a>, a whopping 400 million DOGE tokens were swiftly transferred between undisclosed wallets, marking a significant and unexpected shift in the digital currency landscape. However, a deeper dive into on-chain explorer data unveiled an even larger transfer, totaling 512.68 million tokens, valued at approximately $43.39 million.
<blockquote>
 🚨 🚨 400,000,000 <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#DOGE</a> (34,115,063 USD) transferred from unknown wallet to unknown new wallet<a href="https://t.co/MKEPCBinOi" rel="noopener noreferrer nofollow">https://t.co/MKEPCBinOi</a>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1760578586010935329?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 22, 2024</a>
</blockquote>
What adds to the intrigue is the elusive nature of the wallets involved. All addresses participating in this enigmatic transfer, encompassing over half a billion Dogecoins, are fresh on the scene, devoid of any prior transaction history.
<h2 dir="ltr" id="dogecoin-miners-hit-pause">Dogecoin miners hit pause</h2>
This sudden disappearance coincides with a curious trend emerging among Dogecoin miners. Recent data from&nbsp;<a href="https://app.intotheblock.com/coin/DOGE/deep-dive?group=mining&amp;chart=all" rel="noopener noreferrer nofollow">IntoTheBlock</a> reveals a notable decrease in sell-offs by miners, with net outflows plummeting from 19.44 million to 7.27 million&nbsp;<a href="https://u.today/coinbase-commerce-delisting-of-doge-and-ltc-whats-behind-move" rel="noopener noreferrer nofollow">DOGE</a> in the past 24 hours.&nbsp; <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="1bed88da-ae4f-4be3-a1c8-95e5ecf33862" src="https://u.today/sites/default/files/inline-images/doge_234.png">Miner Netflows by <a href="https://app.intotheblock.com/coin/DOGE/deep-dive?group=mining&amp;chart=minerNetflows" rel="noopener noreferrer nofollow">IntoTheBlock</a>
While outflows persist, the diminishing magnitude hints at a potential shift in miner behavior.
Currently, Dogecoin miners collectively hold reserves estimated at 4.16 billion DOGE, valued at $354.86 million. Amid these developments, the community remains abuzz with speculation and intrigue, as the whereabouts of the 400 million DOGE continue to elude scrutiny.

Whooping 400 Million DOGE Suddenly Change Hands as Dogecoin Miners Make U-Turn

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