The unknown bought 8,000,000 Dogecoins after Elon Musk's statement

Elon Musk last week declared that Tesla will sell merch for the Dogecoin cryptocurrency. After that, the DOGE rate jumped by about a quarter, and an unknown user immediately purchased 8,000,000 coins.

According to WhaleStats, the “whale” spent $1,411,777 to buy the cryptocurrency. This means that the assets were purchased at a price of $0.1765 per coin, i.e. when the rate was just beginning to grow against the backdrop of Elon Musk's statement.

Currently, there is no information on how the investor disposed of his assets. If he was able to sell the cryptocurrency at the peak, then his profit was about 10%. If the user left Dogecoin in the hope of an even greater increase in the exchange rate, then now the cost of 8,000,000 coins is not $1,411,777, but about $1,330,000, because the price of the cryptocurrency fell to $0.1663.

Source: @WhaleStats