Crypto.com Invests Over $100 Million in DOGE Whale Address
On February 16, according to the lookonchain chain monitoring, at 18:23:27 on February 16, Beijing time, the DOGE whale address \”D7vrVR\” received 250 million D…
On February 16, according to the lookonchain chain monitoring, at 18:23:27 on February 16, Beijing time, the DOGE whale address “D7vrVR” received 250 million DOGE (about US $63 million) from Crypto.com, and has become one of the top 20 holders of Dogecoin, with a balance of 709 million addresses. Yesterday, the address also received 200 million DOGE (about US $39 million) from Crypto.com.
Giant whales transferred 250 million DOGE from Crypto.com, worth 63 million dollars
Interpretation of the news:
The recent buzz around the cryptocurrency market is a massive investment done by Crypto.com in the top DOGE whale address, “D7vrVR.” According to the blockchain monitoring by lookonchain, on February 16, at 18:23:27, Beijing time, the address received a whopping amount of 250 million DOGE, which is equivalent to $63 million. This investment made “D7vrVR” one of the top 20 Dogecoin holders in the world, with a balance of 709 million addresses.
This staggering investment from Crypto.com didn’t stop there, as the DOGE whale address received another 200 million DOGE, worth $39 million, from the same company the following day. With this investment, “D7vrVR” now has a total of 5.45% of Dogecoin’s total circulating supply, making it the second-largest holder of Dogecoin after the founder, Elon Musk.
This acquisition by Crypto.com is significant for the cryptocurrency world as it demonstrates the growing interest and acceptance of Dogecoin in mainstream financial institutions. The investment will likely raise Dogecoin’s value and help it reach new heights in the near future. Moreover, this move by Crypto.com will also assure many investors and traders that the cryptocurrency market is a promising investment opportunity.
It is also worth noting that the DOGE whale address “D7vrVR” has been active in the Dogecoin market for some time, with previous transactions worth millions of dollars. However, this recent investment from Crypto.com is the most significant transaction yet, indicating that “D7vrVR” is becoming a major player in the Dogecoin market.
In conclusion, the recent acquisition of Dogecoin by Crypto.com is a promising sign for the future of the cryptocurrency market. It shows a growing interest in alternative forms of investment, like cryptocurrencies. With major companies like Crypto.com investing millions of dollars, it is clear that Dogecoin is not just a novelty asset but a legitimate force in the emerging world of digital currencies.
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