It’s 2023 and “Twitter logo change” is trending everywhere! So if you’re struggling with your student loans like I do, just know that Dogecoin whales got rich yesterday. Not to say that Elon orchestrated a DOGE pump and dump, but it seems like he totally did. Recent on-chain data shows that two of the largest Dogecoin whales dumped all their holdings as DOGE peaked. In total, two whales unloaded over a billion tokens right at the top of the rally initiated by Elon. In the meantime, Musk is facing a huge lawsuit for allegedly running a Dogecoin pyramid scheme. It’s 2023 and post-modernism is taking over the world of finance. Let us laugh together at how funny it was to see the Twitter logo change to DOGE logo. LOL!
Fly Me to the Moon Elon!
Lookonchain, a blockchain-tracking firm, recently revealed that the third and fifth largest Dogecoin holders, known as “DDuX” and “D8ZE,” respectively, sold off a combined 1.4 billion DOGE (about $123.8 million) during a surge in the dog-themed cryptocurrency by around 30%. Interestingly, this rally coincided with Tesla CEO and tech billionaire Elon Musk changing Twitter’s icon to the DOGE logo. Now, journalists of the past would dive deep into this story and attempt to find out whether this was a coincidence or not. But, as Elon’s lawyers have already addressed this behavior as simply “too vague and silly”, there’s no point arguing with them. Perhaps, Elon himself duped some DOGE and bailed out one of his companies. Or, it was yet another vague and silly joketo lighten up the mood.
According to Lookonchain, “DDuX” sold off a whopping 1.1 billion DOGE ($95.2 million) in two separate transactions on April 4th and April 5th, when DOGE was trading at around $0.09. Talk about making a splash in the crypto sea! Meanwhile, “D8ZE” sold 300 million DOGE ($28.6 million) in a series of transactions on April 4th, 5th, and 6th, all at the $0.09 level. Looks like these whales were cashing in on the Dogecoin frenzy, riding the wave of Musk’s endorsement. Then again, the Twitter logo change was just a funny joke.
What’s even more interesting is that “DDuX” and “D8ZE” are the two largest non-exchange DOGE holders, as per BitInfoCharts. It seems like these crypto whales were making a big splash in the DOGE market, making moves that caught the attention of investors and traders alike. But hey, with great DOGE comes great responsibility, right?
The Twitter Logo Change
Adding to the drama, Musk’s Twitter icon change to the DOGE logo was a brief but attention-grabbing move. As the most famous supporter of Dogecoin, Musk’s actions often influence the cryptocurrency market. But was it a mere coincidence that these DOGE whales were cashing out while Musk was playing with Twitter logos?
In the midst of all this excitement, Musk is also facing a $258 billion lawsuit that alleges he illegally drove up the price of DOGE by over 36,000% over the span of two years before letting it collapse. Talk about a rollercoaster ride! Looks like the Dogecoin drama is not just limited to its price fluctuations, but also involves some legal battles and Twitter shenanigans.
Ultimately, the recent events involving Dogecoin whales cashing out, Elon Musk’s Twitter logo change, and the ongoing lawsuit create quite a whale of a story in the world of cryptocurrencies. The DOGE market is never short of drama and surprises. Thankfully, DOGE holders and traders don’t really have to know anything about finance. All they have to do is to buy Dogecoin and wait for Elon to joke around! After all, in the crypto ocean, whales can make waves that can impact the entire ecosystem. So, keep an eye on those whales, and buckle up for the next chapter in the Dogecoin saga! And hey, maybe next time Musk changes his Twitter icon, it’s time to keep an eye on those DOGE prices too, with a pinch of humor and sarcasm, of course!
