#Dogecoin whales have been actively shifting large amounts of the meme coin to new addresses amid the market’s downward trend.
The on-chain tracking platform Whale Alert drew the community’s attention to this massive Dogecoin shuffle among whales. On December 30, it pointed to two staggering transactions worth a combined $260 million.
Whales Shift DOGE to New Addresses
Data from Whale Alert shows that an unidentified whale address moved 466,890,148 DOGE tokens to a new address on Monday by 13:13 (UTC).
Notably, the sending wallet “DB24H3” transferred DOGE worth approximately $150 million to an unidentified receiving address, “DFRapC.”
The sending address emptied its Dogecoin stash into the new wallet, shifting the funds over multiple transactions to the same wallet. Meanwhile, the assets remain with the receiving wallet at the time of writing, neutralizing any skepticism the transaction may have raised in the Dogecoin community.
