Cardano

2024

Dogecoin

Million

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<p lang="en-GB" xml:lang="en-GB">While the <a href="https://u.today/hidden-dogecoin-doge-growth-signal-xrp-loses-its-floor-solana-sol-is-safer-than-you-think" rel="noopener noreferrer nofollow">Dogecoin</a> price has been plummeting since the weekend, a mysterious DOGE whale has stocked up on a large amount of the biggest meme cryptocurrency.</p>
<p lang="en-GB" xml:lang="en-GB">Two massive transactions have been spotted by popular blockchain tracker Whale Alert as hundreds of millions of DOGE have been shoveled from the exchange to an unknown wallet.</p>
<h2 id="226-million-doge-scooped-up-by-whale">226 million DOGE scooped up by whale</h2>
<p>According to tweets recently published by Whale Alert, over the past 24 hours, an anonymous cryptocurrency whale removed two large crypto chunks from Robinhood. These transactions carried 150,000,000 and 76,316,694 DOGE, making it more than 226 million Dogecoin in total.</p>
<blockquote>
 <p lang="en" dir="ltr">🚨 150,000,000 <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#DOGE</a> (21,281,922 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/7U1CEfr2ZT" rel="noopener noreferrer nofollow">https://t.co/7U1CEfr2ZT</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1785071426552152239?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 29, 2024</a>
</blockquote>
<p>This amount of meme cryptocurrency was evaluated at close to $40 million in fiat at the time.</p>
<p lang="en-GB" xml:lang="en-GB">Both DOGE lumps were sent to the same wallet, -uc1wwKF. At the time of this writing, this blockchain address holds an impressive 2,052,284,869 Dogecoin worth $286,909,424.</p>
<p lang="en-GB" xml:lang="en-GB">Since April 24, this whale has also seen three incoming transfers carrying 129,693,892; 40,300,290 and 51,968,427 Dogecoin. Prior to receiving them, the whale had disposed of 395,000,000 DOGE in three transfers.</p>
<h2 id="doge-whales-become-inactive">DOGE whales become inactive</h2>
<p lang="en-GB" xml:lang="en-GB">As reported by U.Today earlier, a recent report published by the Santiment on-chain data agency shows a major decline in <a href="https://u.today/dogecoin-doge-non-empty-wallets-skyrocket-by-138-in-months" rel="noopener noreferrer nofollow">non-zero Dogecoin wallets</a>. After large rises in this metric observed by the analytics team earlier this year, the number of these Dogecoin addresses has flattened.</p>
<p>Santiment also mentioned that despite the flattening, DOGE wallets have been doing better than Cardano ones; non-empty ADA wallets have seen a major drop. The winner here so far is the flagship cryptocurrency Bitcoin – wallets with a non-zero amount of BTC in them have been growing persistently as of late, despite the marketing witnessing quite volatile prices on BTC.</p>
<blockquote>
 <p lang="en" dir="ltr">📊 The total amount of non-empty <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> wallets are rapidly growing despite choppy prices. <a href="https://twitter.com/hashtag/Altcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Altcoin</a> wallets for assets like <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Dogecoin</a> have flattened after enormous rises earlier this year. <a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Cardano</a> is one of the few networks to see active wallets drop. <a href="https://t.co/itg9qMes7c" rel="noopener noreferrer nofollow">https://t.co/itg9qMes7c</a> <a href="https://t.co/yrOlEQw3jy" rel="noopener noreferrer nofollow">pic.twitter.com/yrOlEQw3jy</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1784139513956294675?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 27, 2024</a>
</blockquote>
<h2 id="dogecoin-market-performance">Dogecoin market performance</h2>
<p lang="en-GB" xml:lang="en-GB">After approximately a week of flat trading, the largest meme cryptocurrency by market cap, Dogecoin, has demonstrated yet another plunge. Since Sunday, DOGE has lost 8.5% and only managed to recover less than 1% today.</p>
<p lang="en-GB" xml:lang="en-GB">Overall, since April 24, the iconic meme-themed coin has declined by almost 15% and is <a href="https://www.tradingview.com/symbols/DOGEUSD/" rel="noopener noreferrer nofollow">changing hands at $0.1384</a> at the time of this writing.</p>
<p lang="en-GB" xml:lang="en-GB">Recently, DOGE has managed to advance deeper into the top 10 group of cryptocurrencies, now occupying eighth place with a market capitalization value of $20,003,212,269.</p>

226 Million DOGE Withdrawn From Robinhood by Mysterious Whale's Hand

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