🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

Mysterious Dogecoin Transfer Raises Questions Amid Elon Musk’s Legal Battle

Published 08/10/2023, 12:07 PM
Updated 08/10/2023, 12:15 PM
Mysterious Dogecoin Transfer Raises Questions Amid Elon Musk’s Legal Battle
DOGE/USD
-
COIN
-

  • A substantial 67,881,717 DOGE transfer ($5,083,357) to Coinbase (NASDAQ:COIN) has triggered discussions.
  • DOGE experienced a 3% price rise within 24 hours.
  • Tesla CEO Elon Musk also faces charges from DOGE investors.

According to the latest details provided by Whale Alert, a significant transfer of 67,881,717 DOGE, valued at approximately $5,083,357 at the time of release, was recently observed from an unknown wallet to Coinbase. The timing of this transfer has ignited speculation in the crypto community, considering that the price of DOGE experienced a 3% surge within the last 24 hours.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.