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A whale \u2014 cryptospeak for large holder \u2014 owning leading meme coin\u00a0Dogecoin<\/strong>\u00a0(CRYPTO: DOGE<\/a>) recently decided to move an astonishing quantity of DOGE as the market is shaken by significant geopolitical and economic forces.<\/p>\n What Happened:<\/strong>\u00a0Blockchain data service\u00a0Clankapp<\/strong>\u00a0shows<\/a>\u00a0that a single transaction on Wednesday moved nearly 263 million Dogecoin \u2014 valued at about $29.6 million as of press time.<\/p>\n Furthermore, this transaction follows recent reports\u00a0showing<\/a>\u00a0that Dogecoin Whales performed 118 transactions worth at least $2 million being processed by the blockchain within 24 hours on Tuesday. There was also a single transaction\u00a0of\u00a0nearly 34 million Dogecoin \u2014 valued at about $3.9 million at the time.<\/p>\n See Also:\u00a0<\/em>How To Buy Dogecoin (DOGE)<\/em><\/a><\/p>\n Today’s market\u00a0data<\/a>\u00a0shows that \u2014 just like on Tuesday \u2014 the Dogecoin blockchain processed exactly 118 transactions worth over $2 million within 24 hours of press time. This pickup of activity follows\u00a0Tesla Inc.<\/strong>(NASDAQ:TSLA<\/a>) CEO Elon Musk<\/strong> tweeting that he had\u00a0no plans<\/a>\u00a0to sell his stake in Dogecoin \u2014 which resulted in the coin’s price jumping up by 10% shortly thereafter.<\/p>\n CoinMarketCap data shows that shortly after his tweet, trading volume spiked from about $382 million per 24 hours to well over $850 million.<\/p>\n