A mysterious Dogecoin ($DOGE) whale has moved over 450 million tokens worth over $40.5 million, in a transaction that cost then only 1.01 $DOGE in transaction fees, meaning they paid $0.09 to move such a large amount of tokens.<\/p>\n
The transaction was first spotted by whale monitoring service Dogecoin Whale Alert, which pointed out that the funds moved from one of the largest $DOGE wallets on the network to an unknown wallet.<\/p>\n
It\u2019s unclear whether the funds belong to a cryptocurrency exchange holding them in cold storage, or a large investor who is moving their $DOGE holdings around on the network. The transaction came shortly after the cryptocurrency\u2019s price surged on a report suggesting Elon Musk is looking to integrate payments services into Twitter that could include crypto.<\/p>\n
Musk is a well-known Dogecoin supporter, whose electric car maker Tesla started accepting DOGE payments on its website in late 2021,\u00a0allowing payments in it for specific products such as its \u201ccyberwhistle.\u201d Musk has also hinted\u00a0SpaceX could soon accept DOGE payments.<\/p>\n
Earlier this week, Musk maintained his push for McDonald\u2019s to accept the meme-inspired cryptocurrency as a payment method after previously putting pressure on the fast-food giant to embrace the cryptocurrency.<\/p>\n
Responding to a tweet from the official account of McDonald\u2019s, which had been inactive for a few months, a user asked Musk whether his offer to eat a Happy Meal on TV if the fast-food chain accepts $DOGE as a payment method was still standing, to which Musk responded positively.<\/p>\n
Elon Musk\u2019s original offer to McDonald\u2019s came after a cryptocurrency market sell-off that had seen McDonald\u2019s tease the cryptocurrency community with a\u00a0tweet\u00a0asking people who run crypto Twitter accounts how they are doing after the sell-off.<\/p>\n
Dogecoin was created back in 2013 as a joke. The cryptocurrency\u2019s community is well-known for taking on\u00a0philanthropic projects, which included helping charitable organizations. It\u00a0made headlines\u00a0in 2014 after raising more than $25,000 worth of DOGE to let the Jamaican bobsleigh team attend the Winter Olympics in Sochi.<\/p>\n