Secure

Dogecoin

Billion

The post <a rel="nofollow" href="https://coinpedia.org/altcoin/doge-holdings-on-robinhood-soar-customers-secure-1-billion-with-11-16-growth/">DOGE Holdings on Robinhood Soar, Customers Secure $1 Billion with 11.16% Growth</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
Robinhood, the popular trading app, has recently experienced a remarkable increase in Dogecoin (DOGE) holdings among its customers, with the total amount rising by $1 billion, marking an impressive 11.16% surge within just one month. 
According to a tweet from @DogeWhaleAlert, a prominent wallet tracker, Robinhood’s total DOGE stash on behalf of its clients has soared by 11.16% since the end of May. In May, the platform’s wallets held 22,641,958,530 DOGE, valued at approximately $1,598,454,346. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 The current total combined amount of <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> held by <a href="https://twitter.com/RobinhoodApp?ref_src=twsrc%5Etfw">@RobinhoodApp</a> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1fab6.png" alt="🪶" class="wp-smiley" style="height: 1em; max-height: 1em;"> on behalf of its investors is: 38,317,905,469 <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a> $2,579,369,807 USD 27.39% of the circulating supply<a href="https://t.co/iWz81VqfEE">https://t.co/iWz81VqfEE</a>— Ðogecoin Whale Alert (@DogeWhaleAlert) <a href="https://twitter.com/DogeWhaleAlert/status/1672275824970547200?ref_src=twsrc%5Etfw">June 23, 2023</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
Fast forward to the present, and the data reveals a staggering rise in Robinhood’s DOGE holdings, currently standing at 38,317,905,469 DOGE, with a value of $2,579,369,807. This accumulation represents a significant increase of 27.39% compared to the 16.23% recorded on May 25. 
The surge in Dogecoin holdings by Robinhood users is indicative of the growing interest and appetite for this meme-inspired cryptocurrency within the platform’s user base. It also highlights Robinhood’s role in facilitating accessibility and ease of trading DOGE for retail investors. 
The surge in Robinhood users’ Dogecoin holdings and the overall interest in DOGE highlight the trading app’s instrumental role in popularizing this unique cryptocurrency. Robinhood’s user-friendly interface and accessibility have made it the preferred platform for retail investors venturing into the world of digital assets. 
As the Dogecoin phenomenon continues to unfold, it will be intriguing to observe how Robinhood’s expanding user base and its growing DOGE holdings contribute to the overall market dynamics of this popular meme cryptocurrency.

DOGE Holdings on Robinhood Soar, Customers Secure $1 Billion with 11.16% Growth

CoinPedia News

Other articles published on Jun 26, 2023

HSBC Offers Crypto ETFs for Clients in Hong Kong: Report

Japan’s National Tax Agency Revises Crypto Tax Rules: 30% Exemption

CoinMarketCap Ranks Shiba Inu as the 3rd Most Trending Crypto

NEAR Foundation Partners with Alibaba Cloud to Boost Web 3 Growth in Asia and the Middle East

Has True Blockchain Interoperability Been Achieved?

Ripple-SEC Lawsuit Nears Conclusion: XRP Community Urged to Keep Expectations Realistic

Join our free newsletter for daily crypto updates!