Shift

Dogecoin

Hope

Read

<ul>
 <li>Mysterious whale moves 226M Dogecoin from Robinhood amid market volatility, signaling potential shifts.</li>
 <li>Dogecoin’s price has dropped 15% since April 24, as whale transactions influence market sentiment.</li>
 <li>The decline in non-zero Dogecoin wallets noted, contrasting with Bitcoin’s growth.</li>
</ul>
<p>A mysterious whale has transferred 226 million Dogecoin (DOGE) from Robinhood to an unknown wallet, marking a significant event in the cryptocurrency market. This movement consists of two transactions, with one <a href="https://whale-alert.io/transaction/dogecoin/0c9144521d83aa293a208a424b6bea96841cbac2b8697bbae55812109fb73154" target="_blank" rel="noopener noreferrer nofollow">transferring</a> 150 million DOGE and another moving 76.3 million. These transactions came when Dogecoin’s price dropped considerably, with the combined value of the transferred DOGE nearing $40 million.</p>
<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">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> 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>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p><strong>Impact of Whale Movements on Dogecoin Dynamics</strong></p>
<p>These large-scale transfers are often indicators of potential future market movements. Whale transactions can significantly influence market sentiment, often leading to price volatility. Despite the substantial activity from this unknown entity, the broader Dogecoin market has been under pressure. Since April 24, the price of DOGE has declined by almost 15%, trading at approximately $0.1344 at press time.</p>
<p>A recent analysis by Santiment revealed a decline in the number of active Dogecoin wallets, suggesting changing patterns in user engagement.The rate of this decrease has been lower than in some other cryptocurrencies like Cardano (ADA).On the other hand, Bitcoin (BTC) continues to grow in its non-zero wallet count, underlining its resilience in the volatile cryptocurrency market.</p>
<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">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4ca.png" alt="📊" class="wp-smiley" style="height: 1em; max-height: 1em;"> 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>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>This activity by Dogecoin whales warrants close observation as their transactions could precede more significant market shifts. As the crypto community watches these developments, the implications for Dogecoin’s market positioning remain a focal point.&nbsp;</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also:</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/robinhood-launches-mobile-payments-app-robinhood-wallet/" rel="noopener noreferrer nofollow">Robinhood Launches Mobile Payments App Robinhood Wallet</a></li>
 <li><a href="https://cryptonewsland.com/robinhood-to-sack-300-employees-despite-job-listing/" rel="noopener noreferrer nofollow">Robinhood To Sack 300 Employees Despite Job Listing</a></li>
 <li><a href="https://cryptonewsland.com/the-third-largest-bitcoin-whale-is-robinhood-what-does-it-mean-for-the-market/" rel="noopener noreferrer nofollow">The Third Largest Bitcoin Whale is Robinhood: What Does it Mean for the Market?</a></li>
 <li><a href="https://cryptonewsland.com/robinhoods-possible-xrp-listing-sparks-hope-amidst-crypto-slump/" rel="noopener noreferrer nofollow">Robinhood’s Possible XRP Listing Sparks Hope Amidst Crypto Slump</a></li>
 <li><a href="https://cryptonewsland.com/13-wallets-hold-46-total-dogecoin-is-robinhood-top-hoarder/" rel="noopener noreferrer nofollow">13 Wallets Hold 46% Total Dogecoin. Is Robinhood Top Hoarder?</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/dogecoin-sees-major-shift-with-226m-doge-moved-from-robinhood/" rel="noopener noreferrer nofollow">Dogecoin Sees Major Shift with 226M DOGE Moved from Robinhood</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Dogecoin Sees Major Shift with 226M DOGE Moved from Robinhood

Crypto News Land

Other articles published on Apr 30, 2024

Binance Founder CZ Face Sentencing Hearing in Seattle

Professional trader warns of ‘catastrophic’ market crash and crypto lows

Cardano Roars Back To Life As ADA Whales Move $13.84 Billion

Hidden Dogecoin (DOGE) Growth Signal, XRP Loses Its Floor, Solana (SOL) Is Safer Than You Think

Cryptocurrency Market Faces Tough Challenges in May

EigenLayer’s Airdrop Plan Out; What For Ecosystem Participants

Join our free newsletter for daily crypto updates!