Tesla CEO Elon Musk has not made a clear statement about the Dogecoin integration with Twitter. However, as a result of his lack of clarity on integration, he again ignited his speculations on DOGE.
Elon Musk will continue to fly DOGE
Community members on crypto Twitter have not received a clear response from Elon Musk on whether he will integrate Dogecoin into the social media platform. However, several community members are believed to have nearly confirmed the speculations by keeping Musk silent. According to the latest theses, Musk left unanswered questions about whether he was working with developers on payment on Twitter. Instead, Musk preferred to respond with eye emojis used to attract attention.
As we have reported as Koindeks.com; On November 1, Musk shared a photo of a dog wearing a shirt with the Twitter logo. Thus, memecoin showed its interest in DOGE. He also advocates for billionaire Mark Cuban’s idea of using Dogecoin to address bot concerns on Twitter. Elon Musk, the wealthiest man in the world, is mentioned a lot with his interest in memecoin. Musk was a pioneer in making DOGE a form of payment option at his other companies.
As a result, it continues to fuel speculation in the wake of its Twitter acquisition. The billionaire sparked speculation by posting a photo of a dog wearing a shirt with a Twitter logo. Chest coin yesterday reclaimed price levels last seen in April. DOGE has risen 105.7 percent over the past seven days. Currently, it continues to see the process at $0.129025 with a decrease of 7.5 percent.
Whale activity on Dogecoin is on the rise
Dogecoin whales continue their active movements after the massive rise in memecoin price in the last few days. These investors stepped up as rumors of DOGE integration escalated on Twitter. They’ve made mind-blowing numbers of DOGE transfers this week alone. Whale Alert, the platform that monitors the movements of crypto whales, reported that there were large DOGE transfers. According to Whale Alert, in the last 24 hours, Dogecoin has moved a total of 641,096,900 million DOGE by whales.
Just 13 hours ago, 41,096,902 million DOGE was deposited to an address on the leading crypto exchange Binance. He stated that during the process, the fund cost $5.55 million. An anonymous Dogecoin whale moved the $41.56 million DOGE to an unknown wallet address.
Additionally, Whale Alert observed the movement of approximately 300 million DOGEs from one unknown address to another. The unnamed whale transferred DOGE worth $41.8 million to an unknown address.
What happens if DOGE merges with Twitter?
381 million DOGE was sent to an address on Binance. A day before the development, 107 million DOGE was transferred to Binance by an unknown whale. DOGE whale activity doesn’t look like it’s going to end anytime soon. In the first hours of the day, a Dogecoin address that had been inactive for 8 years and 9 months transferred 2.37 million DOGE worth 338 thousand dollars. Data provided by BitInfoCharts shows that the anonymous whale accumulated DOGE from 2013 to March 2014.
Dogecoin has been experiencing a sufficient rally since last week following the news that Elon Musk bought Twitter. Cardano founder Charles Hoskinson appears to have stepped in to merge with the Musk-led social media platform.