Twitter Logo Change Triggers Dogecoin Dump by Whales and Memecoin Slump
TL;DR Summary
Two of the five largest Dogecoin whales sold 1.4 billion DOGE worth about $121 million amid the price surge, according to data from Lookonchain. Speculations continue on social media about whether Elon Musk purposefully inflated Dogecoin's price by changing Twitter's logo so that he can dispose of his holdings. Musk has admitted to owning DOGE but has never openly asserted that he had sold any.
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