⁠Dogecoin whale buys $12m DOGE, bets $50k on upcoming exchange DTX 

A Dogecoin whale purchases $12m in DOGE and invests $50k in the emerging DTX hybrid exchange, signaling confidence in both established and new crypto ventures.

The crypto industry is no stranger to unpredictability and jaw-dropping news updates both in and off the market. Recently, a shocking double transaction has become the talk of the town, leaving the community intrigued.

The latest news that’s got the crypto audience on the edge of their seats is about a Dogecoin whale who made a staggering $12m purchase and placed a bold bet on an up-and-coming project still in its first presale stage.

$12m Dogecoin acquired

Interest in memecoins has always been substantial, and they lean into the branding created by the drive of their active communities. The elevated level of these tokens’ successes is a nice contrast to their laidback origins.

Whether driven by the memecoin craze or the actions of other whales accumulating DOGE, one whale recently closed on the purchase of DOGE tokens amounting to a whopping $12M. 

A transaction of this magnitude typically signals an investor’s confidence in a project’s future performance. Typically, it would also have a positive effect on the trading value of the token, but DOGE has been on a decline for the past week and most recently witnessed a 1.4% drop. 

Despite the downtrend, the coin has maintained its position in the market and clearly hasn’t lost the support of its investors. However, the next part of the news that surprised community members most was the whale’s next bold move—turning their attention toward a less popular investment, DTX Exchange. 

A leap of faith?

While $50K might be a fraction of the whale’s investment in DOGE, it is still a generous investment that has left community members wondering why the whale decided to back the DTX project.

The exchange platform combines the best features of centralized and decentralized exchanges, offering users full use of their best features while mitigating the drawbacks. Its native DTX token, currently on presale at $0.02, has been posting increasingly impressive performance in the market, with over $200K raised and more than 50% of its total token supply sold. 

The platform allows for trading all kinds of user assets, including forex, stocks, bonds, and cryptocurrencies. It also provides an interesting exchange experience, offering users 1000x leverage on certain tokens with an average execution speed of 0.04 seconds.

DTX exchange has so far been gaining attention from investors and traders in the market. Still, with such a high-profile investment, interest in the platform is expected to skyrocket as more people try to determine if the Dogecoin whale made the right choice.

Making investments

Timing is an essential part of making investments, and the presale is the first opportunity for many to support projects they like with the potential for impressive returns with minimum capital. The DTX Exchange makes the most of this stage, offering its DTX token at a relatively affordable rate. 

Investors trying to join the presale can visit the presale page or check out the DTX Telegram community for more information and updates about upcoming events.