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Dogecoin Whales Accumulation Hits New Highs As December Milestone Approaches

Will Izuchukwu by Will Izuchukwu
November 23, 2023
in News
Reading Time: 3 mins read
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The Dogecoin community is buzzing with excitement following the intriguing revelation of the “Dogecoin On The Moon Update.” Astrobotic’s plan to send an actual Dogecoin to the moon via ULA’s Vulcan Centaur Rocket on 12/23/2023, funded by the Dogecoin community in 2015, has sparked a wave of enthusiasm.

Notable Spike In Dogecoin Wallet Activity 

Anticipation for this lunar feat is reflected in the community’s increased engagement. According to Santiment data, there has been a notable uptick in wallet activity, particularly the movement of older $DOGE from previously inactive wallets. This surge in Doge Dormant Activity is the most prominent since June, indicating heightened interest and involvement.

Over 121 New DOGE Wallets Created Inspired By The Best Moon Mission 

🐶 #Altcoins are back in the green today, and data indicates there has been a massive amount of older $DOGE moving out of stagnant wallets today. Keep an eye on this, as well as the fact that 121 new 1M+ #Dogecoin wallets have popped up in the past month. https://t.co/OjXvbTEEf9 pic.twitter.com/zHMyiqBI7c

— Santiment (@santimentfeed) November 22, 2023

In tandem with the lunar excitement, signs of significant investment are emerging. The data reveals a surge in Big Money Flow Interest, highlighted by the creation of 121 new 1M+ Doge wallets in the past month. The influx of new wallets suggests a growing interest from larger investors, adding an extra layer of intrigue to Dogecoin’s market dynamics.

Dogecoin Sees Notable Netflix Director’s Move

据 Cointelegraph,Netflix 剧集 Conquest 导演 Carl Erik Rinsch 挪用了该剧预算的 400 万美元押注 DOGE,获利 2700 万美元。Netflix 对 Conquest 斥资 5500 万美元,却未推出一集。 2020 年 3 月,Netflix 购买 Rinsch 构思,提供 4400 万美元预算后,此后追加 1100 万美元。Rinsch 用新资金的 1050…

— 吴说区块链 (@wublockchain12) November 23, 2023

Adding an unexpected twist to the narrative, reports from Cointelegraph shed light on Carl Erik Rinsch, the director of Netflix’s sci-fi series “Conquest.” Allegedly, Rinsch leveraged $4 million from the show’s budget to invest in Dogecoin, resulting in a remarkable $27 million gain. The director is reportedly seeking an additional $14 million from Netflix, as disclosed in a confidential arbitration proceeding.

Final Thoughts 

As the Dogecoin community expands and noteworthy individuals contribute to its story, the dynamics of wallet movements, substantial investments, and ventures like Rinsch’s create a captivating backdrop for Dogecoin’s journey leading up to December’s lunar event.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any service.

Follow us on Twitter @thevrsoldier to stay updated with the latest Crypto, NFT, and Metaverse news!

Image Source: kviztln/123RF// Image Effects by Colorcinch

Tags: DogeDogecoinMemecoinMemecoins
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