816 million Dogecoins in one hour - what happened? 🔥🔥🔥

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Anonymous transactions of hundreds of millions of DOGE have been detected recently. These transactions include two large batches of 466,890,148 and 350,000,000 DOGE, totaling more than 816 million Dogecoins, worth more than $259 million. These transfers took place in more than an hour, sparking attention and discussion among cryptocurrency enthusiasts.

Dogecoin price drops

Meanwhile, Dogecoin prices have fallen 3.44% in the past two hours, from $0.32055 to $0.31077. These transactions coincided with a sharp drop in Dogecoin prices, with a long red candle appearing on the hourly chart.

Elon Musk on new use cases for Dogecoin

Tech entrepreneur and world's richest man Elon Musk made comments on Saturday, mentioning that the Texas Tech University he hopes to create in 2021 will accept Dogecoin for tuition payments, and dog owners will receive discounts. This news has sparked discussions and expectations about the future applications of Dogecoin.

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