Dogecoin Whale Transactions to Hit an ATH Soon After Elon Musk Acquired Twitter

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Massive transactions of the meme-inspired crypto Dogecoin have soared to around a four-month high, only days after Twitter accepted a buyout bid from Elon Musk, the CEO of Tesla, and SpaceX.

DOGE transactions worth more than $100,000 hit a four-month high this week, reaching 2,400, y after it was disclosed that Twitter had accepted Musk's acquisition bid.

Tesla accepts DOGE payments for specific products on its website, such as its "cyberwhistle," "Giga Texas" belt buckle," and "cyberquad" four-wheeler for kids. Musk has indicated that DOGE could be used as a payment method on Twitter.