Elon Musk justifying dogecoin as a better payment seems true if whales can transfer billions of dollars for just cents.
According to Doge blockchain explorer, the Dogecoin whale transferred almost $1 Billion worth of DOGE in two different wallets in a single transaction.
The first wallet received 80 million Doge worth $13.78 million, The second portfolio received 5.3 billion doge coins worth $913.09 million.
The transactions can be seen at:
- https://dogechain.info/address/DSP3H2VZ8hKAGhhAhQnasu4YMFpEwzeXy2
- https://dogechain.info/address/D6dqAr2G8EmhA1zDnJKr1AfkkHmowy3PvN
For such a massive transaction, the whale only paid 4.49 doge worth $0.76 as a transaction fee.
The whale’s movements come after Tesla CEO Elon Musk claimed DOGE could work as a better payment method than Bitcoin. Musk made those comments in his TIMES interview where he was named Time Magazine’s Man of the year.
“Bitcoin is not a good substitute for transactional currency. Even though Doge was created as a joke, Dogecoin is better suited for transactions. The total transaction flow that you do with Dogecoin, like transactions per day, has a much higher potential than Bitcoin.”
After Declaring Doge Better Payment Method Than BTC, Elon Musk Confirms Tesla Will Accept Dogecoin For Merchandise.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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