Elon Musk Resumed Purchasing Twitter, Around 1 Billion Dogecoin Were Transferred

A staggering quantity of meme coin Dogecoin was sent on the blockchain a little over two hours ago, according to Whale Alert, a program that records huge transfers of cryptocurrency on different chains. This amounted to around 500 million meme coins.

Together, these transactions total about one billion DOGE in just two days. The larger amount of DOGE was transferred the previous day.

386 million Dogecoin sent by anonymous wallet

Whale Alert discovered that 386,082,773 Dogecoins were transferred between two anonymous wallets. The estimated value of these meme coins is $25,187,368. This is the second transaction of that amount that the aforementioned cryptocurrency tracking firm has detected in the last two days.

A total of 836 million Dogecoins were transferred on October 5th, making 449,999,998 DOGE. The same source also claims that two lumps of SHIB, each consisting of one trillion meme coins, were discovered on the same day. These two trillion Shiba Inu were moved to the Coinbase exchange, evidently with the intention of being sold.

After Tesla CEO Elon Musk made the decision to resume finalizing the acquisition agreement with Twitter, these significant sums of meme coins were transferred.

Some Twitter users made the facetious assumption in the comments section of today’s DOGE transfer that the centibillionaire, a huge lover of DOGE who has often stated that if he acquires Twitter, he will incorporate DOGE payments on the service, gave these Dogecoins.

Three features Musk is anticipated to add to Twitter

Yesterday, the influential trade club Crypto Rand posted their predictions for what Elon Musk would add to or alter after the purchase was finalized.

These three things included including an edit button, locating bogus accounts (bots), and allowing cryptocurrency transactions. Earlier, Musk said that if he owned the website, DOGE memberships to Twitter Blue could be able to accept it as a form of payment.

Musk still wants to own Twitter

According to a recent tweet by Musk, he intends to turn Twitter into an “everything app” called “X.”

Buying Twitter is an accelerant to creating X, the everything app.

According to the billionaire, this would be a spam-free app where users could engage in a variety of debates and content creators would receive a piece of the revenue. If he purchases it, he said he would either turn Twitter into this app or have it created from scratch.

A kind of online town square where significant concepts would be discussed and free expression would be promoted would be this “everything app.”

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