Something mysterious has happened in the crypto community: 700 million Dogecoin have been transferred between two previously unknown addresses.

Massive DOGE Transaction

According to Whale Alert, 700 million Dogecoin, equivalent to more than $78.68 million, were transferred from 'D79tQ' to 'D9jmV.' The latter has a past record of transactions, while the former is a new entity in the network.

Impact on Dogecoin Price

This transfer took place amid a slight increase in Dogecoin's price. Despite the modest gain of just 1.41%, DOGE managed to break out of an 11-day consolidation that started on October 3 and showed upward momentum.

What's Next for Dogecoin?

The next target for Dogecoin might be the $0.115 zone. If the price breaks through and closes above this barrier, further growth can be expected. However, achieving a 2.23% increase to reach this point suggests continued seller pressure.

The transfer of 700 million Dogecoin remains a mystery, yet its impact on the market might become a significant factor in future price movements.