Dogecoin

Million

<figure> 
 <figcaption>
   Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a> 
 </figcaption> 
</figure> 
<p lang="en-GB" xml:lang="en-GB">Prominent blockchain tracking service Whale Alert, which traces large chunks of crypto being moved between wallets, has spotted two large <a href="https://u.today/doge-founder-reveals-his-favorite-cryptos-and-heres-which-coins-he-dislikes" rel="noopener noreferrer nofollow">DOGE</a> transfers made with the participation of the popular trading app Robinhood.</p> 
<h2 id="hundreds-of-millions-of-doge-getting-moved">Hundreds of millions of DOGE getting moved</h2> 
<p>Per data shared by Whale Alert, an anonymous whale withdrew a whopping 253,419,377 DOGE worth $16 million from Robinhood to an unmarked wallet. The second transaction carried 84.8 million DOGE to Robinhood, and this is the equivalent of $5.3 million.&nbsp;On Thursday, Aug. 18, close to half a billion DOGE was also <a href="https://u.today/whopping-half-billion-dogecoin-vanish-into-mystery-wallets-as-doge-price-crashes" rel="noopener noreferrer nofollow">removed from Robinhood</a>.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">🚨 253,419,377 <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#DOGE</a> (16,052,287 USD) transferred from <a href="https://twitter.com/hashtag/Robinhood?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Robinhood</a> to unknown wallet<a href="https://t.co/xlyzOzqFFQ" rel="noopener noreferrer nofollow">https://t.co/xlyzOzqFFQ</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1692667692182802464?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 18, 2023</a> 
</blockquote> 
<p>Overall, 338.2 million Dogecoin has been transferred to and from Robinhood. On Thursday, Aug. 18, close to half a billion DOGE was also removed from Robinhood.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">🚨 84,867,620 <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#DOGE</a> (5,303,654 USD) transferred from unknown wallet to <a href="https://twitter.com/hashtag/Robinhood?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Robinhood</a><a href="https://t.co/drnCNQYAvn" rel="noopener noreferrer nofollow">https://t.co/drnCNQYAvn</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1692589599506219434?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 18, 2023</a> 
</blockquote> 
<p>Robinhood is one of the largest DOGE holders, but it stores Dogecoin on behalf of its customers. As <a href="https://u.today/20-trillion-shib-held-by-robinhood-bull-run-will-be-euphoric-big-shiba-inu-enthusiast" rel="noopener noreferrer nofollow">reported by U.Today earlier</a>, the platform holds 38,317,905,514 DOGE evaluated at approximately $2,536,338,802. This is 27.38% of all DOGE in circulation held in 10 wallet addresses on Robinhood.</p> 
<p>The company's wallets also hold 20 trillion of the second largest meme coin Shiba Inu. Notably, among the largest Robinhood share owners is BlackRock, Ark Investment, Fidelity and other major companies.</p> 
<h2 id="doge-price-begins-to-recover">DOGE price begins to recover</h2> 
<p>After a sudden tremendous fall by more than 9% registered on Thursday, the Dogecoin price started <a href="https://www.tradingview.com/chart/3lWxXcMJ/?symbol=BINANCE%3ADOGEUSD" rel="noopener noreferrer nofollow">going up again</a>, recovering 6.78% since Thursday.</p> 
<p>Over the past 24 hours, the price has been 6.15% up, and the coin is now trading at $0.0637 on the Binance exchange against USDT.</p>

DOGE Price Up, While 340 Million Dogecoin Moved From Robinhood

Table of Contents

U_Today

Other articles published on Aug 19, 2023

US SEC Officially Acknowledges XRP Is Non-Security in New Court Filing

2.4 Billion SHIB Burned in Past Week Despite Shibarium's Labor Pains

Tether (USDT) Halts Support for Kusama, BCH SLP, and Omni Chains

Worldcoin Lanjut Kendati Ditentang di Banyak Negara

New Whale Transfers $16 Million Worth Of DOGE from Robinhood

Bitcoin Spark: The New Crypto Gamechanger Outshining XRP and Worldcoin

Join our free newsletter for daily crypto updates!