Anonymous Whales Move 816 Million Dogecoin, DOGE Price Drops

Data shared by the public blockchain tracking platform Whale Alert has revealed that just recently anonymous transactions that carried hundreds of millions of DOGE have been detected.

Two large batches of Dogecoin, 466,890,148 and 350,000,000 DOGE, valued at $149,137,073 and $109,962,192, respectively, have been shifted by anonymous crypto wallets, according to data shared by Whale Alert on Saturday.

These transactions, spotted by the crypto platform, occurred on Saturday, with a time gap of a little over an hour, and totalled over 816 million Dogecoins.

As per the details provided by Whale Alert, the smaller of the two transactions involved a whale shifting seven blockchain addresses from their seven wallets to two.

The larger DOGE transfer was a cumulative transaction, with fifteen smaller transfers being made from three different wallets.

During this time, the price of Dogecoin, the largest and first meme cryptocurrency, dropped by 3.44% over the past two three hours, before recovering slightly. At the time of writing, DOGE is trading at $0.31077, down from the $0.32055 level.

Elon Musk hints at starting The Texas Institute of Technology and Science to prepare engineers for the manufacturing sector. Tech entrepreneur and the world's richest man Elon Musk mentioned the potential founding of The Texas Institute of Technology and Science, jokingly referred to as TITS, in a comment on Saturday.

Elon Musk first shared an idea that he would like to create such an institution in 2021, stating that tuition payments would be accepted in Dogecoin and dog owners would get discounts.

This weekend, Katherine Boyle, who is a general partner at Andreessen Horowitz, tweeted that it is a good idea to start creating this institution now. It should, she believes, be similar to great military leadership academies: “1000 of our best and brightest American engineers, selected based on test scores, PSAT, and raw technical ability, with a fast track into the greatest manufacturing and engineering companies in the country on the other side of graduation.”

Elon Musk commented on that tweet, agreeing and saying that perhaps the time has truly come to do that.