1.4 billion dog of 2 whales unloaded after Elon Musk had changed the Twitter logo in Dogecoin: Data

1.4 billion dog of 2 whales unloaded after Elon Musk had changed the Twitter logo in Dogecoin: Data

Speculation about whether Elon Musk intentionally drove up Dogecoin's price by changing the Twitter logo so that he can have his stocks continue on social media.

According to data from Lookonchain, two of the five largest Doge whales sold Memecoin worth over $ 120 million as part of their massive price rally this week.

• The new owner of Twitter is known as an enthusiastic supporter of the original Memecoin, the price of which has been raised several times in the past by various engagements.
• The most recent example came at the beginning of this week when he changed the Bluebird Twitter logo to Dogecoin's dog image. As expected, the price of the assets exploded by 25 % within minutes and within the next day by over 30 %. He rose over $ 0.1 for the first time in months.
• The Bluebird logo has returned since then, and Doge has withdrawn significantly. Data from the on-chain analysis platform-Lookonchain-informed that two of the five largest Dogecoin whales in the middle of the price increase sold 1.4 billion doge (worth around $ 121 million).

wal "ddux" (the 5th holder) reduced by 1.1 mrd $ doge ($ 95.2 million). https://t.co/n6r2l7hkn7

Wal "d8ze" (the 3. holder) reduced 300 million $ doge ($ 28.6 million). https://t.co/nhlhf8pk60

could these two addresses be related? @elonmusk ? pic.twitter.com/z9ku8o9mzk

- Lookonchain (@lookonchain) 7. April 2023

• It is worth noting that the Lookonchain team is not the only one who wonders whether it was Musk who sold a large part of its investments. He admitted in the past to own Doge, but never openly claimed that he sold them.
• recently the popular Bitcoin maximist Jimmy Song also claimed that Musk could drive up Doge's price to sell his stocks.

elon pumpt doge so that he can pay off his Twitter debt.

- Jimmy Song (송재준) (@jimmysong) 4. April 2023

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