Dogecoin whales are on the move once again as they have been caught buying up hundreds of millions in DOGE. However, what is interesting about this recent trend of whales accumulating DOGE is the mystery behind these addresses, as they are all brand new.
Dogecoin Whale Go On Buying Spree
According to Whale Alert, an on-chain data tracking platform for large crypto transactions, there have been a number of curious transactions carried out by new Dogecoin whales. The first of these transactions was carried out by a wallet that had received 515 million DOGE on February 16, worth approximately $44 million at the time. This wallet had not had any prior transactions before this and was a brand new wallet.
A couple of days after the wallet received the coins, they would proceed to send out a little over 512 million DOGE worth $43 million to another brand new wallet. Like the first, this wallet had not had any transactions prior to this and was a brand new way.
Two days later, o
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