A significant transaction involving 478 million Dogecoin (DOGE) tokens has been spotted by blockchain monitoring platform Whale Alert. The transfer, valued at over $72 million, occurred on April 16th between two unidentified wallets. This unusual move has sparked discussion within the cryptocurrency community as both wallets remain unlabeled. While large crypto transfers are not uncommon, this DOGE transaction stands out due to its size and lack of transparency about its purpose and origin. Despite the absence of immediate price impact, speculation abounds. One theory points towards Elon Musk offloading his DOGE holdings, while others suggest a potential institutional acquisition or OTC deal involving the meme coin. 🚨 🚨 🚨 478,000,000 #DOGE (72,980,331 USD) transferred from unknown wallet to unknown wallet https://t.co/v1v3rTCDj0 — Whale Alert (@whale_alert) April 16, 2025.