One of the whales sold $95.2M worth of DOGE, the other $28.6M.
The speculations about whether Elon Musk purposefully inflated Dogecoin’s price by changing Twitter’s logo so that he can dispose of his holdings continue on social media.
According to data from Lookonchain, two of the five largest DOGE whales sold over $120 million worth of the memecoin amid its massive price rally this week. Twitter’s new owner is known as a keen proponent of the original memecoin, having pushed its price higher numerous times in the past through various engagements.the Bluebird Twitter logo to the dog picture of Dogecoin. Expectedly, the asset’s price exploded by 25% in minutes and over 30% within the next day. It soared above $0.1 for the first time in months.
The Bluebird logo has returned since then, and DOGE has retraced notably. Data from the on-chain analytics platform – Lookonchain – informed that two of the five largest Dogecoin whales sold 1.4B DOGE amid the price surge .
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